Cass: "Outside Director is a classmate of Lee Jae-myung in bar exam but no close relationship"

[Asia Economy Reporter Ji Yeon-jin] Cass disclosed in response to the Korea Exchange's inquiry regarding significant market fluctuations that "It is true that Gyeonggi Province Governor Lee Jae-myung and our company's outside director were classmates in the 28th Judicial Examination and the 18th Judicial Research and Training Institute, but there is no further personal relationship."

The company added, "We inform you that there has been no business-related content between the current and former Gyeonggi Province Governor Lee Jae-myung and our company."

Earlier, Cass surged up to the 30% price limit on the 14th as it emerged as a political theme stock related to Governor Lee Jae-myung, and rose by 18.55% the previous day. As of 10:45 AM today, it is trading at 4,315 won, up 9.8% compared to the previous day.