[Special Stock] North-South Liaison Office Explosion Causes North Korea-Related Stocks to Plummet

[Asia Economy Reporter Oh Ju-yeon] As inter-Korean relations continue to deteriorate, reaching a climax with North Korea's demolition of the Inter-Korean Joint Liaison Office on the 16th, stocks related to North Korea collectively declined in the domestic market.

As of 10:09 AM on the 17th, the KOSPI showed a slight rise of 0.21% from the previous trading day, standing at 2142.45, but North Korea-related stocks were on a downward trend.

Hyundai Elevator, considered a representative North Korea-related stock, traded at 56,900 KRW, down 4.05% from the previous day. Hyundai Elevator plummeted as North Korea's strong rhetoric intensified regarding the distribution of leaflets. The stock price, which was 67,000 KRW at the close on the 5th of this month, fell 18.51% to 54,600 KRW at the close on the 15th. Although the stock rebounded on the 16th, it declined again on this day, giving back some of the gains.

Ananti also traded at 8,830 KRW at this time, down 6.77% from the previous day. Ananti's stock price dropped 20.73%, from 10,950 KRW at the close on the 5th to 8,680 KRW at the close on the 15th.

Other stocks also declined, including railway-related Daea T&I (-7.66%), Kaesong Industrial Complex-related Joheun Saramdeul (-5.71%), and Shinwon (-5.41%).