[Featured Stocks] Yoo Seung-min Emerges as a Leading Opposition Presidential Candidate... Homecenter Holdings and Dongshin Construction Show Strength

Former lawmaker Yoo Seung-min. Photo by Dongju Yoon doso7@

[Asia Economy Reporter Ji Yeon-jin] On the 23rd, as former People Power Party lawmaker Yoo Seung-min rapidly emerged as a leading opposition presidential candidate, related stocks showed strong performance.

Home Center Holdings, a building materials wholesale and retail company, was trading at 1,400 KRW on the KOSDAQ market as of 9:50 AM, up 4.09% from the previous day.

The company is a building materials wholesale and retail business based in the Daegu-Gyeongbuk region, engaged in construction, leisure, and rental businesses. Former lawmaker Yoo, who served four consecutive terms in Daegu, is mentioned as a related stock.

At the same time, Dongshin Construction was trading at 56,900 KRW on the KOSDAQ market, up 5.17% from the previous day. The company surged as Kim, a non-executive director who served as the Daegu court chief, is known to be Yoo’s brother-in-law.

Meanwhile, in a public opinion poll conducted by JTBC through Realmeter on 1,028 adults nationwide from the 19th to 20th, former lawmaker Yoo received 14.4% support, ranking second among opposition presidential candidates after former Prosecutor General Yoon Seok-youl, who had 35.4%.

As former Prosecutor General Yoon was embroiled in the 'X-file' controversy, and with Yoo, regarded as a leading ‘reform conservative’ within the party after Lee Jun-seok’s election as People Power Party leader, emerging as a strong presidential contender, related stocks are interpreted to have shown an upward trend.