On the 8th, President Yoon Suk-yeol was released, and on the 10th, the stocks related to the next presidential candidates are all declining.
According to the Korea Exchange, as of 9:59 a.m., NE Neungyule, considered a stock related to President Yoon, is trading at 5,010 won, up 280 won (5.92%) from the previous trading day. Duksung, known to be associated with President Yoon, rose as much as 7.65% in the early trading session before surrendering those gains.
In contrast, the stocks tied to Lee Jae-myung, the leader of the Democratic Party, are falling. Dongsin Construction, which is grouped as a theme stock due to its location in Andong, Lee's hometown, is trading at 50,200 won, down 1,400 won (2.71%) from the previous trading day. Other stocks like Orient Precision Industries (-0.40%), Orient Bio (-3.01%), and ATEC (-3.40%) are also declining.
This is similarly true for the ruling party's presidential candidate theme stocks. Chin Yang Chemical, designated as the 'Oh Se-hoon theme stock,' is down 4.89%. Daesang Holdings and its preferred stock, Daesang Holdings Preferred, identified as 'Han Dong-hoon theme stocks,' are each down 2.12% and 6.78%. AhnLab, founded by lawmaker Ahn Cheol-soo, is down 4.35%.
Earlier, the Seoul Central District Court's Criminal Division 25 (Director General Ji Gwi-yeon) canceled President Yoon's detention on the 7th. This decision was based on the reasoning that the prosecution's existing practice of calculating the detention period did not align with the principles of criminal procedure law, indicating that President Yoon was unlawfully detained at the time of indictment.
The prosecution gave up its immediate appeal against the court's decision, allowing President Yoon to be released from the Seoul detention center on the 8th, 52 days after the arrest warrant was executed on January 15.