Shares of Hyungji Fashion Group affiliates were strong in early trading on the first trading day of the new year, on the 2nd. Buying appears to be driven by news that the Oner family of the group will accompany President Lee Jae-myung on his China visit as part of a business delegation.
As of 11:09 a.m., Hyungji Global was trading at 1,726 won, up 398 won (29.97%) from the previous trading day. It hit the upper limit (the daily price increase cap) in early trading.
At the same time, Hyungji I&C was also up 26.73% at 915 won.
On this day, it was reported that Hyungji Fashion Group founder Chair Choi Byung-oh and Vice Chair Choi Jun-ho will accompany President Lee Jae-myung on a scheduled visit to China from the 4th to the 7th as members of the business delegation. Expectations appear to be rising for expanded business cooperation in China by the Hyungji Group.