Since the December 3 martial law incident, the fortunes of political theme stocks have been fluctuating daily. On the 17th, the theme stocks related to Lee Jae-myung, the leader of the Democratic Party of Korea, which had been soaring in the morning, plummeted, while the theme stocks related to National Assembly Speaker Woo Won-sik surged.
At 9:13 a.m. on that day, both Hyosung O&B and Bankware Global hit the upper limit (the highest daily price limit) in the KOSDAQ market. At the same time, Daewon Electric also recorded the upper limit in the KOSPI market. Kolon Mobility Group and Kolon Mobility Preferred showed an increase of around 20%.
All are theme stocks related to Woo Won-sik. For instance, Kolon Mobility Group has been tied to the theme due to the fact that An Byeong-deok, the CEO of Kolon Mobility Group, is a high school classmate of Speaker Woo.
The theme stocks related to Lee Jae-myung are experiencing a continuous decline in stock prices. Orient Precision is showing a drop of around 20% on this day, the first day of trading after the suspension was lifted. Orient Bio, Eastar Jet, and Hyungji Elite are also in a downturn.
As the volatility of stock prices increases, the Korea Exchange has been issuing market alerts in quick succession.