[Featured Stock] Hanjin Kalwoo Hits Upper Limit for 3 Consecutive Trading Days Ahead of General Meeting

[Asia Economy Reporter Kum Boryeong] With the Hanjin KAL regular shareholders' meeting just three days away, Hanjin KAL preferred shares are showing a sharp rise.

As of 1:27 PM on the 24th, Hanjin KAL preferred shares rose 29.97% (9,200 KRW) compared to the previous trading day, reaching 39,900 KRW.

Thus, Hanjin KAL preferred shares have hit the upper price limit for three consecutive trading days since the 20th.

It is analyzed that expectations for corporate governance improvement ahead of the shareholders' meeting have driven the stock price up. Hanjin KAL will hold the shareholders' meeting on the 27th. At this meeting, plans include handling the agenda for the reappointment of Cho Won-tae, chairman of Hanjin Group, as an inside director. The Hanjin Group side will face off against the 'three-party alliance' consisting of former Korean Air Vice President Cho Hyun-ah, activist private equity fund KCGI, and Bando Construction.