The stock prices of Pyunghwa Industrial and Pyung Hwa Holdings are skyrocketing. This is perceived as a theme stock related to Minister Kim Moon-soo.
According to the Korea Exchange on the 23rd, as of 10:32 a.m. the stock price of Pyunghwa Industrial is trading at 1,240 won, an increase of 27.57% (268 won) from the previous trading day. Pyung Hwa Holdings has risen 21.31% (650 won) to 3,700 won.
The mention of Minister Kim Moon-soo as a potential candidate for the next presidential election has led to a rebound in the stock prices of Pyunghwa Industrial and Pyung Hwa Holdings. These companies are recognized as theme stocks related to Minister Kim because their subsidiaries are located in the same area as his hometown, Yeongcheon in North Gyeongsang Province.
Meanwhile, in a recent survey conducted by the polling agency, Research and Analysis Co., 41.5% of respondents chose Representative Lee Jae-myung of the Democratic Party, while 38.3% selected Minister Kim Moon-soo in a two-person contest.