Democratic Party leader Lee Jae-myung has been acquitted in the appeal trial concerning the violation of the Public Official Election Act, while the stocks grouped as theme stocks are showing mixed movements.
According to the Korea Exchange on the 28th, as of 9:57 a.m., Hyungji Global is trading at 4,730 won, up 1,090 won (29.95%) from the previous trading day. Hyungji Global also closed at the upper limit the day before.
At the same time, Hyungji I&C is trading at 1,385 won, up 135 won (10.80%) from the previous trading day. These companies have been classified as 'Lee Jae-myung theme stocks' because they are associated with the free school uniform policy that Lee promoted during his tenure as mayor of Seongnam.
In contrast, Orient Precision Industries and Orient Bio are down 7.57% and 6.58%, respectively. Lee has a history of working at the Orient Clock factory, where he also made his official declaration to run for president.
Earlier, the Sixth Criminal Division of the Seoul High Court (Director General Choi Eun-jeong, Lee Ye-seul, Jeong Jae-o) acquitted Lee on the 26th during the appeal trial, overturning the guilty verdict from the first trial. As a result, Lee has alleviated the biggest judicial risk for his future presidential endeavors.