[Featured Stock] Woongjin Coway Hits New Low Amid Weak Q4 Earnings Last Year

[Asia Economy Reporter Eunmo Koo] Woongjin Coway is plummeting, hitting a new low. It is interpreted that the sluggish performance in the fourth quarter of last year is having an impact.

As of 10:22 AM on the 17th, Woongjin Coway was trading at 75,400 KRW, down 16.59% (15,000 KRW) from the previous trading day. During the session, it fell to as low as 70,500 KRW, marking a 52-week low.

Earlier, Woongjin Coway announced on the 14th that its consolidated operating profit for the fourth quarter of last year was preliminarily estimated at 44.6 billion KRW, a 65.4% decrease compared to the same period last year.