Heungkuk Responds to Disclosure Request: "No Personal Relationship Between Management and Lee Jae-myung"

Published 15 Jan.2021 16:47(KST)

[Asia Economy Reporter Won Dara] Heungkuk announced on the 15th in response to the Korea Exchange's inquiry disclosure request regarding significant market fluctuations, stating, "There are no important disclosure matters under the current or confirmed disclosure regulations that could affect the recent significant market fluctuations of the company's issued securities."

It also added, "We inform you that there is no personal relationship between Gyeonggi Province Governor Lee Jae-myung and the company's management, and it is completely unrelated to the company's business."

The Korea Exchange requested Heungkuk to disclose information regarding significant market fluctuations the previous day. Heungkuk's closing price on the previous day was 10,400 KRW, a sharp increase of 29.51% (2,370 KRW) compared to the day before.