[Special Stock] Airline Stocks Rise on Expectations of Government Emergency Fund Injection

[Asia Economy Reporter Minwoo Lee] The stock prices of airlines such as Korean Air and Asiana Airlines are on the rise. This appears to reflect expectations that the government will provide emergency funding.

As of 10 a.m. on the 25th, Korean Air's stock price is up 14% from the previous day, trading at 17,100 won. Asiana Airlines is also trading at 3,075 won, up 9.24%.

Low-cost carriers are also rising across the board. Jin Air is recording 6,800 won, up 16.84% from the previous day. Jeju Air (13.82%), T'way Air (8.71%), and Air Busan (2.88%) are also on the rise.

This is interpreted as due to expectations of government-level emergency funding support. Financial Services Commission Chairman Eun Sung-soo announced the day before that about 100 trillion won in emergency funds would be provided to companies facing liquidity crises due to the spread of the novel coronavirus infection (COVID-19).