The Born Korea(475560) shares are surging early on the 14th. Buying is seen rushing in on news that The Born Korea is moving to expand its overseas business.

Paik Jong-won visits the O'Clock restaurant in Los Angeles to demonstrate menu examples using 11 TBK sauces. /Courtesy of The Born Korea

As of 9:23 a.m. that day, The Born Korea stock was up 13.56% (1,910 won) from the previous trading day at 16,000 won on the Korea Exchange.

On the 13th, The Born Korea said that CEO Paik Jong-won visited a restaurant in Los Angeles (LA) and moved to expand the overseas business for the "TBK (The Born Korea)" sauce.

Paik visited a restaurant in LA, introduced menu items using the TBK sauce, and discussed product supply and ways to apply the recipe with store officials.

The company said Paik's visit aimed to broaden talks, which had centered on overseas food and distribution corporations, to local restaurant operators.

The Born Korea also said it is discussing ways to supply and distribute TBK sauce with local corporations in the United States and Thailand and is reviewing the possibility of signing a memorandum of understanding (MOU) within the year.

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