[Special Report] North Korea-Related Stocks Rally Together

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] North Korea-related stocks are showing a strong rally simultaneously in the domestic stock market.

According to the Korea Exchange on the 19th, as of 10:51 a.m., Ananti, a domestic luxury resort development specialist company, was traded at 10,150 KRW, up 21.43% from the previous trading day. Ananti is a company that received the operating rights for Geumgangsan from the government in 2005, completed golf courses and resorts, and sold memberships.

At the same time, Joheun Saramdeul, a representative company located in the Kaesong Industrial Complex, recorded 2,175 KRW, up 7.94%.

Daewha T&I, a railway-related stock, was traded at 6,010 KRW, up 17.58%. Hyundai Construction, part of the Hyundai Group which holds key business rights for inter-Korean economic cooperation, also showed an upward trend with a 2.15% increase.