[Hot Stock] Does Criticizing Lee Jae-myung Boost Prices?…Shilla SG Hits 52-Week High

Gyeonggi Province Governor Lee Jae-myung is delivering opening remarks at the party-government meeting on the lifting and easing of military facility protection zones held at the National Assembly Members' Office Building on the 14th. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Ji Yeon-jin] Fish processing company Shilla SG surged to the price limit on the 25th, hitting a 52-week high.

Shilla SG soared from the early morning session and, as of 10:15 AM, was trading at 17,000 KRW on the Korea Exchange, up 29.77% from the previous close. This is a 52-week high, and the stock jumped 17% from 9:00 AM, triggering a VI (Volatility Interruption) mechanism.

The company has been categorized as a "presidential election theme stock" related to Gyeonggi Province Governor Lee Jae-myung, and it also hit the upper price limit at the close on the 22nd. This is interpreted as a reaction to competitive presidential candidates' remarks aimed at Lee, who currently holds the highest approval rating among ruling party presidential hopefuls.