The holding company stock is strong again.
According to the Korea Exchange on the 30th, HS HYOSUNG ranked first in the increase rate of the KOSPI stock market as of 9:17 a.m. on that day.
HS HYOSUNG, a holding company with six subsidiaries including Hyosung Advanced Materials and Hyosung Information System, is up more than 20% compared to the previous trading day.
Lee Jae-myung, the Democratic Party of Korea presidential candidate, has shown commitment to restructuring governance, which has led to the rise in HS HYOSUNG stock.
The candidate has noted that he will usher in an era of 'KOSPI 5000' while announcing a strict position against split listings and stock price manipulation, leading to increased expectations for governance restructuring and shareholder returns due to market stimulus policies.
In addition to HS HYOSUNG, stocks of holding companies such as BGF, JW Holdings, and Hanwha are also rising. Hanwha's stock price has increased by more than 10% the previous day.