[Asia Economy Reporter Ji Yeon-jin] Samil surged to the price limit after a poll showed that Hong Jun-pyo, a member of the People Power Party, leads in suitability as the next conservative presidential candidate.
On the day, Samil recorded 6,760 won, soaring 30% (1,560 won) compared to the previous trading day just 18 minutes after the opening of the KOSDAQ market.
Earlier, the Korea Society Opinion Institute released a poll on the "Suitability of Next Conservative Presidential Candidates" (commissioned by TBS, conducted on the 8th-9th, with a margin of error of ±3.1% at a 95% confidence level; for details, refer to the Central Election Poll Deliberation Commission website), showing Hong (27.5%) narrowly leading former Prosecutor General Yoon (25.5%). Former lawmaker Yoo Seung-min (10.5%) and former Jeju Governor Won Hee-ryong (5.1%) followed.
Hong recruited former three-term lawmaker Kang Seok-ho as the general director of his JP Hope Camp election countermeasures committee. Kang serves as co-representative of the Mapo Forum, a gathering of current and former People Power Party lawmakers. Until the 20th National Assembly, he represented the Gyeongbuk Yeongyang-Yeongdeok-Bonghwa-Uljin district and held positions such as chairman of the National Assembly Foreign Affairs and Unification Committee and Supreme Council member of the Saenuri Party (the predecessor of the People Power Party).
Samil is a company where former lawmaker Kang serves as an advisor and is classified as a political theme stock related to Hong Jun-pyo, showing extreme volatility recently. From August 10 to the peak last month on the 14th, the stock's return exceeded 200%, but it has recorded fluctuations exceeding 10% for five consecutive trading days recently.
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