[Featured Stock] Zoom Internet Rises Strongly as Beneficiary of Yoon Seok-yeol's Fair Competition Pledge to Resolve Monopoly

[Asia Economy Reporter Minwoo Lee] Zoom Internet Co., Ltd., which operates the internet search portal 'Zoom.com,' is showing strong stock performance. As former Prosecutor General Yoon Seok-yeol, considered a leading presidential candidate, emphasizes fair economy and raises expectations that the regulatory standards of the 'Fair Economy 3 Acts' may be strengthened, it is expected to benefit, attracting investor interest.

As of 10:56 AM on the 18th, Zoom Internet's stock price recorded 6,720 KRW, up 7.35% compared to the previous day. Amid discussions in the political sphere about abolishing news editing rights of Kakao's Daum and Naver (NAVER), former Prosecutor General Yoon's emphasis on fair competition has been highlighted, leading to expectations that Zoom Internet will gain a windfall benefit. Previously, Zoom Internet was known as the third-largest search portal market share holder after Naver and Daum.

Two years ago, upon his appointment as Prosecutor General, former Prosecutor General Yoon stated that market economy, price mechanisms, and free corporate activities have promoted human prosperity, which has been historically proven. When challenging for the presidency, he is expected to present the agenda of protecting the market economy under the grand principle of 'fair competition.' Accordingly, Zoom.com is anticipated to benefit in the search portal market dominated by Naver and Daum. Already, small and medium system integration (SI) companies such as Jeongwon NS and cloud solution provider Namu Technology have surged more than 13% at the same time.

Additionally, the Democratic Party's Special Committee on Media Innovation held a progress report meeting at the National Assembly the day before, advocating for limiting the news editing rights of search portals like Naver and Daum, which also appears to have acted as a positive factor.