[Special Stock] Daesung Eltec Rises on Overseas Sale Expectations... US Investment Firm Managing 2 Trillion KRW Acquires Stake

[Asia Economy Reporter Minwoo Lee] Daesung Eltec, a manufacturer of car audio, video, and navigation systems, is on the rise amid expectations of an overseas sale.

As of 11:05 AM on the 17th, Daesung Eltec is trading at 789 KRW, up 4.23% from the previous day. This is believed to be due to news that Ulysses Capital, a US hedge fund managing assets worth 2 trillion KRW, has purchased 10.41% of Daesung Eltec shares held by Stick Investment.

Previously, Daesung Eltec was considered a beneficiary stock as it secured technologies needed by autonomous delivery service companies aiming for special demand amid concerns over the spread of COVID-19.