Thumbage, a Kosdaq-listed company, elected a new CEO for its cryptocurrency business and added artificial intelligence (AI) and blockchain to its business objectives, resulting in a strong stock price in early trading on the 6th.
As of 9:25 a.m. on that day, Thumbage was trading at 513 won, up 118 won (29.87%) from the previous trading day. Following the news of its entry into the cryptocurrency business, Thumbage recorded a price limit increase for three consecutive trading days (4th to 6th).
The day before, just before the regular market closed, Thumbage announced that it had appointed Jung Ki-hong, former director of management planning at Nexus (formerly Action Square), as the new CEO at an extraordinary shareholders' meeting. He has served as the head of strategy planning at Neowiz Games and Wemade and is currently representing the company NEOWIZ.
Additionally, 12 new business objectives were added, including digital content production using AI and the development of a blockchain platform. This has led to increasing expectations for the cryptocurrency business, interpreted as a surge in buying pressure.
Meanwhile, Thumbage received a warning from the Korea Exchange regarding investment warnings as its stock price skyrocketed in a short period.