[Featured Stock] MegaMD, Election Victory Keyword 'Jobs'... Expected Benefit from Pledge Competition

[Asia Economy Reporter Hyungsoo Park] Stocks related to jobs are rising simultaneously. As the competition for pledges intensifies ahead of the general election, job-related stocks seem to be gaining attention.

At 10:01 a.m. on the 16th, MegaMD was trading at 3,870 won, up 18.71% from the previous day. Wilbis and SaraminHR are also rising.

The day before, the Democratic Party of Korea announced the nationwide expansion of free Wi-Fi as their first pledge for the general election, causing related stocks to surge. Interest in election pledges has increased in the stock market, and there are expectations that pledges related to youth jobs and housing will follow.

As the ruling party appears to strengthen its job pledges, buying interest is gathering in MegaMD, which was previously mentioned as a beneficiary of the government's job expansion policies.

MegaMD is pioneering the domestic adult market by consolidating the know-how accumulated from Megastudy, expanding online content, responding quickly to market conditions, and planning products that capture the market. It is recognized for its competitiveness in the Medical, Dental, and Education Entrance Test (M-DEET), Pharmacy Education Eligibility Test (PEET), and Law School Admission Test (LEET) industries.

Breaking the image of its parent company Megastudy as an entrance exam education company, it has established a comprehensive education curriculum as a specialized adult education institution. It pursues business diversification through innovative development of proprietary IT solutions and educational content, as well as active offline expansion. In October 2018, it acquired the content production division of eSketch Co., Ltd., a content production specialist. By operating vocational competency development training and teacher training content production and distribution businesses, it is expanding its presence in the lifelong education market.

Wilbis provides the best educational services to examinees by utilizing top-level instructors and an efficient, systematic customized learning management system. Additionally, its subsidiary, Namu Management Academy Co., Ltd., offers specialized educational management services in the certified public accountant and tax accountant markets. Combining the excellent e-learning technology owned by its subsidiary Miraenet, it provides online education services.