[Featured Stock] Sangji Kailum Rises on News of Outside Director Lee Jae-myung Joining Presidential Campaign Team

[Asia Economy Reporter Jang Hyowon] Sangji Kailum is showing strong performance following news that its outside director has joined Lee Jae-myung, Governor of Gyeonggi Province's presidential campaign team.

As of 1:39 PM on the 27th, Sangji Kailum is trading at 1,705 KRW, up 6.56% compared to the previous day.

Candidate Lee Jae-myung secured 22,276 votes (54.55%) out of 40,838 valid votes in the Democratic Party Jeonbuk primary held yesterday afternoon at Woosuk University in Wanju, Jeonbuk, defeating candidate Lee Nak-yeon, who received 15,715 votes (38.48%), by a margin of 16.07 percentage points (p).

Although Lee Jae-myung narrowly lost first place by 122 votes (0.17%) to Lee Nak-yeon in the Gwangju-Jeonnam primary on the 25th, he succeeded in obtaining a majority vote this time, increasing his cumulative vote share to 53.01% (341,858 votes), thereby enhancing his chances of direct entry into the general election.

Sangji Kailum was included among Lee Jae-myung-related stocks after news broke that its outside director was recently recruited to Lee Jae-myung's presidential campaign team.