[Featured Stock] Homecenta Holdings Rises as 'Korean New Deal' Includes New Airport Plan

[Asia Economy Reporter Minwoo Lee] Home Center Holdings' stock price is showing strength. It appears to have acted as a positive factor after President Moon Jae-in included the promotion of a new airport in the 'Korean New Deal' declared last week to overcome the economic recession caused by the novel coronavirus infection (COVID-19).

As of 10:25 a.m. on the 29th, Home Center Holdings' stock price is trading at 1,265 won, up 10% from the previous day. The Korean New Deal policy announced by the government is proceeding mainly in two directions: ▲digital transformation of the economy and industrial structure ▲acceleration of large-scale national projects delayed due to conflicts of interest.

A representative example of these delayed national projects is the Southeast region new airport project. Busan, Ulsan, Gyeongnam, Daegu, and Gyeongbuk have competed to attract the project for over ten years. Currently, the focus is shifting towards the Gyeongnam region, such as the expansion of Gimhae Airport runway or the new airport on Gadeokdo, but this policy has influenced investment sentiment with a slight expectation that the Gyeongbuk region may be reconsidered.

It is known that Home Center Holdings owns real estate near Daegu Airport, and its affiliate Bokwang Ascon owns an asphalt concrete plant and land in Goryeong, Gyeongbuk.