[Featured Stock] Interpark Holdings Hits Upper Limit on News of Merger with Interpark

[Asia Economy Reporter Park Jihwan] Interpark Holdings recorded a limit-up in the early trading session following the news of its absorption merger with its subsidiary Interpark.

As of 9:20 AM on the 2nd, Interpark Holdings was trading on the KOSDAQ market at 1,720 KRW, up 395 KRW (29.81%) from the previous trading day. Interpark was also trading at 4,110 KRW, up 945 KRW (29.86%).

The sharp rise today appears to be a decision aimed at reducing overlapping costs and securing a unified decision-making structure.

On the 1st, Interpark Holdings announced that it had decided to absorb and merge its subsidiary Interpark. The company explained that this move is "to maintain financial stability and lay the groundwork for continuous future growth," and that it "will increase management efficiency by reducing overlapping and unnecessary work waste."