[Featured Stock] Seoul Auction Rises 14.91% on News of Record High Winning Bid

[Asia Economy Reporter Park So-yeon] Seoul Auction's February auction showed strong performance, leading to a rise in its stock price.

As of 9:18 AM on the 25th in the KOSDAQ market, Seoul Auction's stock is trading at 9,250 KRW, up 1,200 KRW (14.91%) from the previous day.

Seoul Auction recorded surprising results with consecutive record-high bids in its February auction. Kim Hwan-ki's 1997 work "Untitled" sold for 1.65 billion KRW, and Kim Chang-yeol's 1977 work "Water Drops" found a new owner at 1.04 billion KRW. Seoul Auction's 159th art auction achieved a total bid amount of approximately 11 billion KRW and a bid rate of 90%.