Kumho Electric(001210) is surging more than 26% early on the 21st. As the plan to create a "Honam semiconductor cluster" was announced, it is analyzed that investors flocked to Kumho Electric, which has ties to the Honam region.
As of 9:39 a.m. that day, Kumho Electric was trading at 9,400 won, up 1,940 won (26.01%) from the previous trading day. After opening at 8,000 won, the stock at one point spiked to 9,400 won, rewriting its 52-week high.
Since trading suspension measures were lifted on Jul. 30, Kumho Electric's share price has soared about 135% over 15 trading days.
The market interprets Kumho Electric's spike as a result of expectations reflected in the plan to create a "Honam semiconductor cluster."
After a 800 trillion won plan for a Honam semiconductor cluster involving Samsung Electronics and SK hynix was unveiled in Jun., affiliates of the Kumho Group, which has roots in Honam, have been classified as theme stocks.
Recently, as President Lee Jae-myung ordered the project to be executed swiftly, buying has concentrated in Kumho Electric.