[Featured Stock] Daesung Fintec Gains as Headquarters Located in Choi Jae-hyung's Hometown Changwon

[Asia Economy Reporter Minwoo Lee] Daesung Fintech's stock price is on the rise. It appears to be grouped as a related stock due to the news that its headquarters are located in Changwon, Gyeongnam, the hometown of former Board of Audit and Inspection Chairman Choi Jae-hyung, and that the company's CEO is also from the same hometown as the former chairman.

As of 10:15 a.m. on the 21st, Daesung Fintech's stock price recorded 2,870 KRW, up 5.13% compared to the previous day. This is believed to be because the company's association with the hometown of former Chairman Choi, whose approval rating is rising as a potential next presidential candidate, has spread.

Former Chairman Choi's hometown is Jinhae-gu, Changwon-si, Gyeongnam, and Daesung Fintech's headquarters are also located in Changwon-si. The company's CEO, Kim Byung-joon, is also from Changwon, Gyeongnam, the same hometown as candidate Choi Jae-hyung. The largest shareholder of the company, Daesung Emtech, is also located in Jinhae-gu, Changwon-si.

Meanwhile, according to a survey conducted by the Korean Society Opinion Institute (KSOI) commissioned by TBS from the 16th to 17th, targeting 1,013 people nationwide aged 18 and over, former Chairman Choi recorded 5.6% in suitability as the next presidential candidate. He ranks second among opposition candidates following former Prosecutor General Yoon Seok-youl (30.3%). Gyeonggi Province Governor Lee Jae-myung recorded 25.4%, and former Democratic Party leader Lee Nak-yeon recorded 19.3%.

The margin of error for this survey is ±3.1 percentage points at a 95% confidence level. For more details, please refer to the Central Election Poll Deliberation Commission and the Korean Society Opinion Institute websites.