[Featured Stock] Phoenix Materials Gains Strength as Hong Ra-hee Related Stock

[Asia Economy Reporter Minwoo Lee] The stock price of Phoenix Materials is on the rise. It appears to have increased due to its association with Hong Ra-hee, the former director of the Leeum Museum and wife of the late Samsung Group Chairman Lee Kun-hee.

As of 2:56 PM on the 27th, Phoenix Materials' stock price rose to 1,000 won, hitting the daily price limit increase of 29.53% compared to the previous day. This marks the second consecutive day of reaching the upper price limit following the announcement of Chairman Lee's passing the day before.

Following Chairman Lee's death, the stock gained attention due to its connection with former director Hong. Phoenix Materials is a company engaged in semiconductor materials business, with major clients including Samsung SDI and LG Electronics. It is also an affiliate of the Bokwang Group. The Bokwang Group is led by Hong Seok-gyu, the younger brother of former director Hong Ra-hee.