Harim Holdings, grouped as a "land development theme stock," is surging on the 12th. Harim Holdings has moved to develop the freight terminal in Yangjae-dong, Seocho District.
As of 9:06 a.m. that day, Harim Holdings shares were trading at 13,910 won on the KOSDAQ market, up 20.64% (2,380 won) from the previous session. Earlier, Harim Holdings hit the upper limit (the daily price increase limit) the day before, and it is jumping for two straight days.
Harim Holdings is pushing a plan to develop a complex that combines logistics, residential, and office facilities on the freight terminal site in Yangjae-dong, Seocho District, through Harim Industry, its 100% subsidiary.
Harim Holdings plans to build it into a complex with an advanced logistics hub and residential facilities such as apartments and officetels, ranging from eight underground floors to 59 above ground.
As news of the redevelopment of the Seoul Express Bus Terminal site became known and shares of Chunil Express and Dongyang Express jumped, Harim Holdings is also seen rising on expectations for land development.