[Featured Stocks] Yoon Seok-yeol-Related Stocks Surge... Seoyeon, Mobase Electronics Hit Upper Limit

Prosecutor General Yoon Seok-yeol Rises to 2nd Place in Presidential Poll for the First Time
Stocks Surge at iCraft and MoBase Electronics, Where Yoon's University Alumni Serve as Outside Directors

[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] Prosecutor General Yoon Seok-yeol has risen to second place among presidential candidates in a public opinion poll, causing related stocks to surge.

As of 10:30 AM on the 31st, iCraft is trading at 3,835 KRW, up 30.00%. Seoyeon and Mobease Electronics have also hit their upper trading limits, recording limit-up prices. Mobease is up 29.75% at 1,570 KRW, and Seoyeon is up 29.98% at 3,815 KRW.

iCraft, an internet network and system construction company, is known to have an outside director who is an alumnus of Seoul National University’s Law Department and a judicial training institute classmate of Prosecutor General Yoon. Mobease Electronics, a manufacturer of automotive electronic components, and its subsidiary Seoyeon also reportedly have outside directors who are alumni of the same school as Yoon.

The surge in these "Yoon Seok-yeol theme stocks" is due to the poll results showing Prosecutor General Yoon as a leading presidential candidate. According to a poll conducted by Research & Research, a professional polling agency, commissioned by Segye Ilbo the previous day, Yoon ranked second with a support rate of 10.8%, following former Prime Minister Lee Nak-yeon at 32.2%. Hwang Kyo-ahn, leader of the Liberty Korea Party, who had consistently held second place, fell to third with 10.1%. The survey was conducted from the 26th to the 28th, targeting 1,007 adult men and women aged 18 and over nationwide.

For further details, please refer to the website of the Central Election Poll Deliberation Commission.