[Featured Stock] Naver's 'Acquisition Denial' Despite Jeju Bank Soaring 20%

[Asia Economy Reporter Ji Yeon-jin] Jeju Bank's stock price surged more than 20% compared to the previous day on the morning of the 5th.

As of 10:14 AM on the same day, Jeju Bank was trading at 7,260 KRW, up 21% from the previous day.

Jeju Bank's stock price has risen sharply since the acquisition rumors by Naver (NAVER) surfaced on the 28th of last month, and on the 29th of last month, it surged 30% based on the closing price. However, Naver stated on the 19th that the media reports about considering the acquisition of Jeju Bank were unfounded.