Stock prices of inter-Korean economic cooperation-related shares are moving higher on news that U.S. President Donald Trump is seeking a meeting with North Korea's State Affairs Commission Chairman Kim Jong Un at the end of this month.
As of 9:20 a.m. on the 20th, Codes Combine was trading at 3,185 won, up 535 won (20.19%) from the previous session. Good People was up 15%, J.ESTINA 7.91%, and In the F 3.43%, also showing strength.
President Trump is preparing for an Asia tour ahead of the Asia-Pacific Economic Cooperation (APEC) summit to be held in Gyeongju on Oct. 31. CNN reported on Oct. 18 (local time), "The Trump administration has internally reviewed the possibility of a meeting with Kim Jong Un during the Asia tour," adding, "Specific plans have not yet been finalized."
With the possibility emerging that North Korea–U.S. talks could resume, buying is flowing into companies that previously moved into the Kaeseong Industrial Complex. Codes Combine's largest shareholder, Cotton Club, had moved into the Kaeseong Industrial Complex, and Good People, J.ESTINA, and In the F had also moved into the complex in the past.