Lee Jae-myung, a candidate for the presidential primary from the Democratic Party of Korea, saw 4BY4 classified as a theme stock, which soared straight to the upper limit as soon as the transaction suspension was lifted.
As of 9:32 a.m. on the same day, 4BY4's stock price was trading at 28,900 won, up 29.89% from the previous session. On that day, 4BY4 headed straight to the upper limit right after the market opened.
4BY4 had its transaction suspended for the entire day on the 21st. According to the Korea Exchange, if the stock price surges by more than 40% over two days after being designated as a warning item, trading will be suspended for one day. 4BY4 recorded upper limits for five consecutive trading days from the 14th to the 18th.
Previously, 4BY4 attracted buying interest because it is a partner of AI semiconductor fabless company Furiosa AI. Lee Jae-myung visited Furiosa AI on the 15th.