[Featured Stock] Woongjin Rises on Yoon Seok-yeol's Hint at Joining People Power Party

[Asia Economy Reporter Minwoo Lee] Woongjin's stock price, classified as related to former Prosecutor General Yoon Seok-yeol, is showing strength. This is interpreted as a result of Yoon hinting at joining the People Power Party the day before.

As of 9:41 AM on the 30th, Woongjin's stock price recorded 3,255 KRW, up 4.33% compared to the previous day. Early in the session, it even soared to 3,490 KRW. This appears to be because former Prosecutor General Yoon expressed his intention to join the People Party in an interview with a broadcaster.

The day before, former Prosecutor General Yoon stated in an interview with Yonhap News TV, "When I started politics, I said I would decide my course to ensure a regime change," and added, "If I join hands with the People Power Party and run for election as a member of the People Power Party, shouldn't I run?"

Accordingly, it is interpreted that the fact that Yoon Seok-geum, chairman of Woongjin Group, shares the same Pyeongyang Yoon clan hometown and has ties to Jungnam Gongju and Nonsan, which are also hometowns of former Prosecutor General Yoon, has been highlighted.