[Featured Stock] Parasite Producer 'Barunson E&A' Surges Over 18% Intraday

[Asia Economy Reporter Oh Ju-yeon] Barunson E&A, the production company of the film Parasite, surged sharply. Following director Bong Joon-ho's film Parasite winning four Academy Awards, Barunson E&A's stock, which opened at 2,050 won, up 2.5% from the previous trading day, rose more than 18% during trading on the 10th.

As of 2:11 PM that day, Barunson E&A was trading at 2,285 won, up 14.25% from the previous trading day.

Parasite received the Academy Award for Best Picture, the highest honor, at the 92nd Academy Awards held on the 9th (local time) at the Dolby Theatre in Los Angeles, USA. Previously, it won Best Director, Best International Feature Film (Foreign Language Film), and Best Original Screenplay, achieving four Academy Awards in total.

Barunson E&A CEO Kwak Shin-ae said, "I am happy that something I never even imagined has actually happened," adding, "At this moment, I feel that a very meaningful, symbolic, and timely history is being written."