[Featured Stock] PN Poongnyeon Surges on Kim Dong-yeon's Presidential Bid Rumors Highlighting Deoksu High School and Kookje University Alumni

[Asia Economy Reporter Minwoo Lee] PN Poongnyeon’s stock price is on the rise. It appears that investor sentiment surged as the stock was classified as related to former Deputy Prime Minister Kim Dong-yeon, who is rumored to run in the next presidential election.

At 9:54 a.m. on the 21st, PN Poongnyeon’s stock price recorded 7,150 won, up 25% compared to the previous day. The news that the company’s auditor, Choi Sang-hoon, is an alumnus of Deoksu Commercial High School and Kookje University, the same schools as former Deputy Prime Minister Kim Dong-yeon, seems to have acted as a positive factor. According to political circles, former Deputy Prime Minister Kim is said to have declined the prime minister position directly offered by President Moon Jae-in and shown interest in running as an opposition party candidate in the next presidential election.

Along with this, SG Global’s stock price also rose. At the same time, it recorded 4,505 won, up 5.88% compared to the previous day. It appears to be linked due to its headquarters being located in the Chungcheong region, the hometown of former Deputy Prime Minister Kim.