The stock price is showing weakness due to the news that Hyundai E&C is being searched as a result of the "retaining wall collapse accident" that occurred in Osan.

On the afternoon of the 16th, a 10m high retaining wall of the overpass at the Gajang Intersection in Osan City collapses onto the road, covering two vehicles, and firefighters are conducting rescue operations./Courtesy of Gyeonggi-do Fire and Disaster Headquarters

As of 10:38 a.m. on the 22nd, Hyundai E&C is trading at 66,800 won, down 4,000 won (5.65%) from the previous trading day.

On the 16th, a record rainfall fell in Osan, resulting in the collapse of a retaining wall on an overpass at the Gajang intersection. One driver passing below the road died as a result of this incident.

On the 22nd, police are searching three locations, including Osan City Hall and construction company Hyundai E&C, in connection with the accident at that time. The police plan to secure a wide range of materials related to the construction and maintenance of the overpass.

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