[Featured Stock] Hanjin Kal Rises Over 8% Intraday on Foreign Buying Pressure

[Asia Economy Reporter Minji Lee] Hanjin KAL is recording an intraday rise of over 8% due to buying momentum from foreign investors.

At 2:47 PM on the 12th in the KOSPI market, Hanjin KAL is trading at 42,800 KRW, up 8% from the previous session.

Top buying brokers include Kiwoom Securities, Mirae Asset Daewoo, and CS Securities. Currently, foreign investors are purchasing approximately 9.3 billion KRW worth of shares.

Hanjin KAL has been experiencing sharp fluctuations due to a management rights dispute within the Hanjin Group. On the 31st of last month, former Korean Air Vice President Cho Hyun-ah, KCGI, and Bando Construction Group announced their cooperation to change the leadership under Chairman Cho Won-tae of Hanjin Group. Accordingly, at the upcoming March shareholders' meeting, a vote is expected over the reappointment of CEO Cho Won-tae or the appointment of a new professional CEO.