[Special Stock] 'Yoon Seok-ryeol Theme Stocks' Mixed Fortunes... NE Neungyul Hits Upper Limit Two Days in a Row

[Asia Economy Reporter Ji Yeon-jin] NE Neungyul, a KOSDAQ-listed company, has recorded the upper price limit for two consecutive days as of the 5th. The stock price has been soaring since the day before former Prosecutor General Yoon Seok-ryeol resigned.

NE Neungyul is trading at 5,780 won during the day, up 29.89% compared to the previous day. The closing price the day before was also at the price ceiling of 4,450 won. The stock price showed an upward trend from the 2nd, when former Prosecutor General Yoon opposed the ruling party's stripping of prosecutorial investigation rights, and went straight to the upper price limit from the day he announced his resignation.

It appears that the stock price surged because the largest shareholder of NE Neungyul is known to belong to the Papyung Yoon clan association, the same as Prosecutor General Yoon.

Meanwhile, Seoyeon, considered a theme stock of former Prosecutor General Yoon and which closed at the upper price limit the day before, is trading at 111,900 won as of 9:35 a.m., down 11.52% compared to the previous day. Deoksung also saw its closing price reach the price limit the day before, but at the same time is recording 10,100 won, down 6.88%. Both companies surged the day before as their outside directors are known to be alumni of Seoul National University with former Prosecutor General Yoon.