[Featured Stock] Jin Air Rises 20% Early Session Following Sanctions Lift Announcement

[Asia Economy Reporter Minji Lee] Jin Air showed a sharp rise in the early trading session as the administrative sanctions imposed by the Ministry of Land, Infrastructure and Transport were lifted after 1 year and 7 months.

At 10:14 a.m. on the 31st, Jin Air was trading at 11,200 KRW on the KOSPI, up 15.82% from the previous session. In the early session, Jin Air's stock price rose to 11,900 KRW, marking a 23% increase from the previous close.

On this day, the administrative sanctions imposed by the Ministry of Land, Infrastructure and Transport in August 2018 were lifted. As a result, the company can now operate irregular flights, launch new routes, and introduce new aircraft.