[Asia Economy Reporter Hyunseok Yoo] Interpark is showing strength. As COVID-19 vaccinations gradually accelerate, the government's announcement to actively promote the 'Travel Bubble' allowing group travel with countries trusted for quarantine seems to have influenced the stock price.
As of 9:36 AM on the 10th, Interpark was trading at 6,400 KRW, up 4.92% (300 KRW) compared to the previous trading day.
The government is speeding up agreements to enable Travel Bubbles as early as next month. The Ministry of Land, Infrastructure and Transport and the Ministry of Culture, Sports and Tourism announced the Travel Bubble promotion plan the day before.
Earlier, the Ministry of Land, Infrastructure and Transport officially announced the promotion of Travel Bubbles in March this year as part of aviation industry support measures. Progress had been slow due to the resurgence of COVID-19. Unlike the announcement in March, this recent plan includes detailed specifics about Travel Bubble promotion, raising expectations for overseas travel.
Researcher Kangho Oh from Shinhan Financial Investment explained, "Starting with vaccinations, once quarantine is lifted and confirmed cases decrease, pent-up consumer demand will explosively emerge."
He added, "The number of outbound travelers is expected to increase to about 15 million next year," and "reservations related to travel and leisure will also surge."
Researcher Oh analyzed, "This year is expected to be one of remarkable performance growth due to the rebound in business conditions after COVID-19," and "stock prices often lead performance." He also mentioned, "There could be a valuation re-rating in the second half of this year."
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