[Featured Stock] Woojin Rises on Appointment of Lee Gye-yeon, Brother of Representative Lee Nak-yeon, as CEO and Stake in Sambutogeon

[Asia Economy Reporter Minwoo Lee] Woojin's stock price is on the rise. It appears to be linked as a related theme stock following news that Lee Nak-yeon, leader of the Democratic Party of Korea, holds shares in Sambutogeon, where he was appointed as CEO.

As of 10:08 AM on the 26th, Woojin's stock price recorded 5,270 KRW, up 9.56% from the previous day. At 9:57 AM, it had risen as much as 12.06% to 5,390 KRW compared to the previous day. When Lee Gye-yeon, younger brother of Democratic Party leader Lee Nak-yeon, was appointed CEO of Sambutogeon, Woojin, which holds shares, was highlighted. Hurim Robot, the largest shareholder of Sambutogeon, has already hit the upper limit price, rising 29.86% to 1,270 KRW.

Earlier on the 22nd, Sambutogeon announced plans to appoint former Samhwan Enterprise CEO Lee Gye-yeon as an inside director and president of the company. According to the Financial Supervisory Service's electronic disclosure system, Woojin holds a 5.24% stake in Sambutogeon through Woojin Investment Private Equity Partnership, which owns 99.30% of the shares.