[Featured Stock] Susan I&T, Gyeonggi Residents' Next Presidential Candidate 'No.1' Lee Jae-myung Support Committee Chairman Connection

[Asia Economy Reporter Park Hyung-su] Stocks related to Gyeonggi Province Governor Lee Jae-myung, such as Susan INT and ATEC, are soaring. It appears that the news that Governor Lee Jae-myung led Representative Lee Nak-yeon in a pro-government next presidential candidate poll targeting Gyeonggi residents influenced the stock prices.

At 10:30 a.m. on the 7th, Susan INT recorded 10,000 won, up 17.79% from the previous day. ATEC is also rising more than 17%.

According to a poll conducted by Gyeonggi Ilbo from the 1st to the 4th among 803 adult men and women residing in Gyeonggi Province, Governor Lee recorded a support rate of 29.4% among 'pro-government candidates,' surpassing Representative Lee Nak-yeon, who recorded 25.2%. The difference is 4.2 percentage points, within the margin of error. Following were Justice Party leader Sim Sang-jung at 3.8%, former Representative Kim Boo-kyum at 3.3%, Prime Minister Chung Sye-kyun at 2.2%, and Gyeongnam Province Governor Kim Kyung-soo at 2.0%.

Among Democratic Party supporters, Governor Lee’s support rate was lower than that of Representative Lee Nak-yeon. Among respondents who identified as Democratic Party supporters, 49.2% chose Representative Lee Nak-yeon, while 35.4% chose Governor Lee Jae-myung.

Regarding Governor Lee Jae-myung’s provincial administration, 69.7% of respondents answered that he is 'doing well' (very well 40.3%, fairly well 29.4%). On the other hand, 23.6% responded that he is not doing well (very poorly 11.4%, fairly poorly 12.2%).

This survey was commissioned by Gyeonggi Ilbo and conducted by Jowon C&I from August 1 to 4, 2020, targeting men and women aged 18 or older residing in Gyeonggi Province through an ARS poll (24% landline RDD + 76% mobile phone virtual numbers provided by telecom companies, proportionally allocated by gender, age, and region through random sampling). The sample size was 803 (total successful contacts 29,877, response rate 2.7%), with a sampling error of ±3.5 percentage points at a 95% confidence level. For other details, refer to the Central Election Poll Deliberation Commission website.

Susan INT joined the ranks of stocks related to Governor Lee Jae-myung’s acquaintances this year. The significant factor was appointing Lee Hong-gu, chairman of the Korea Software Industry Association who served as co-chairman of Governor Lee Jae-myung’s campaign support committee during the 7th nationwide simultaneous local elections in 2018, as co-CEO in March this year.

Susan INT is the only company in Korea providing shared terminal access management services. This service allows customers using multiple terminals to connect to the internet with only two devices and blocks internet access for devices exceeding two, encouraging subscription to additional services.

ATEC was established in July 1993 and listed on the KOSDAQ market in May 2001. In 2015, it spun off its transportation card solution business to establish ATEC T&. The largest shareholder of both ATEC and ATEC T& is CEO Shin Seung-young, holding 26.80% and 29.20% of shares, respectively. Shin is known to have served as an operating committee member of the 'Seongnam Creative Management CEO Forum,' a public-private consultative body created when Governor Lee was mayor of Seongnam. Because of this, ATEC and ATEC T& are considered Lee Jae-myung theme stocks.