[Asia Economy Reporter Lim Jeong-su] Set-top box company Alois is showing a sharp rise in the KOSDAQ market on the 27th. It is interpreted that the stock price increase is due to overlapping positive factors such as the entry of global over-the-top (OTT) video services into Korea and Coupang's push for a Nasdaq listing in the United States.
As of 9:40 AM on the day, Alois is trading at 3,890 KRW, up 21.75% from the previous day's closing price. In the early session, it surged up to 4,095 KRW, a 28.17% increase, before undergoing some correction.
Alois is classified as an OTT-related stock. Its main product is an Android-based OTT set-top box. Whenever news of expansion by global or domestic OTT companies is reported, the stock price has shown a steep upward trend.
In early January, the stock surged following news of Coupang's OTT service launch and its push for a Nasdaq listing. News of Amazon OTT's entry into the Korean market also acted as a positive factor for the stock price.
On this day, the stock price is analyzed to be reacting to the news of Disney Plus (Disney+) concretizing its entry into Korea. Disney+ is reportedly negotiating with the three major domestic telecom companies for its launch in the second half of this year.
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