[Asia Economy Reporter Minwoo Lee] Lee Nak-yeon, the election committee chairman of the Democratic Party of Korea (former Prime Minister), made remarks related to the Southeast region new airport, causing related stocks to surge amid expectations for the project's advancement.
As of 10:17 AM on the 9th, Younghwa Metal is showing the upper limit price (29.88%) at 1,565 KRW. It entered the upper limit price zone from around 9:04 AM, shortly after the market opened. Dongbang Seonki also recorded and maintained the upper limit price of 2,065 KRW in the early trading session. Yeongheung Steel is also on the rise, trading at 1,050 KRW, up 23.82% compared to the previous day at the same time.
Expectations for the project's advancement grew after Chairman Lee stated the day before that he would resolve the Southeast region new airport issue. Chairman Lee visited key battleground areas in Busan, including Busanjin-gap, Busanjin, and Jung-yeongdo, saying, "It is urgent not only for Busan but also for South Korea to quickly resolve the hopes for the future that the citizens of Busan desire, including the new airport issue." Younghwa Metal, Dongbang Seonki, and Yeongheung Steel are known to own land near Gadukdo, linking them as theme stocks for the new airport.
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