On the 4th, with Lee Jae-myung's official term as the 21st president beginning, the stock price trends of stocks related to President Lee are mixed. Stocks termed 'connections stocks' that surged due to personal ties to President Lee are falling, while 'policy stocks' with high expectations for policies and pledges continue to be strong.
As of 12:04 p.m. on the 4th, Sangji Construction, classified as a Lee Jae-myung related stock, is trading at 12,950 won, down 5,540 won (29.96%) from the previous trading day, marking a lower limit. Sangji Construction has been mentioned as a related stock after it was revealed that a former outside director joined President Lee's campaign during the 2022 presidential election.
At the same time, connection stocks such as Hyungji I&C (-20.8%), Hyungji Global (-16.8%), and Orient Precision Industries (-13.37%) are all experiencing significant declines.
Hyungji Group's stock price has seen rapid fluctuations due to expected benefits from ties to the free school uniform policy that President Lee promoted during his tenure as mayor of Seongnam. Orient Precision Industries is also grouped as a connection stock because President Lee previously worked at the company's affiliate, Orient Watch.
In contrast, the stock price of KONA I, a regional currency platform developer, is soaring over 26% compared to the previous trading day. This reflects expectations for policies that President Lee will expand the issuance of local currency and accelerate the revitalization of the local economy.