[Featured Stock] KG Mobilians Highlights Payment Solution Supply in Amazon and SK E-commerce Collaboration

[Asia Economy Reporter Yoo Hyun-seok] KG Mobilians is showing strong performance. It appears to be influenced by the news that Amazon of the United States and SK Group are joining hands.

As of 2:24 PM on the 13th, KG Mobilians was traded at 9,870 KRW, up 6.13% (570 KRW) compared to the previous trading day.

Asia Economy reported that Amazon will soon make an investment of up to 300 billion KRW in 11st, a subsidiary of SK Telecom, entering the domestic e-commerce business. SK Group is discussing a convertible preferred stock (CPS) investment ranging from 50 billion to 300 billion KRW to facilitate business cooperation between 11st, a subsidiary of SK Telecom, and Amazon.

KG Mobilians is a mobile payment service provider and a partner of SK Telecom, providing payment solution services to 11st.