[Featured Stock] NHN Bugs Soars for Third Consecutive Day on Cyworld Relaunch News, Hits New High

[Asia Economy Reporter Ji Yeon-jin] NHN Bugs surged for three consecutive trading days following the news of Cyworld's service resumption, hitting a 52-week high.

On the 20th, from around 9:50 a.m., NHN Bugs was trading on the KOSDAQ market at 10,350 KRW, up to the daily price limit of 29.86% compared to the previous trading day. This is the highest price in 52 weeks.

NHN Bugs recorded a limit-up on the 18th, rose 12.73% on the 19th, and continued its sharp rise on this day as well.

NHN Bugs is the company that signed a contract to supply music tracks for the background music (BGM) service on Cyworld.

Cyworld operator Cyworld Z started login services from the morning of the 15th. This marks the resumption of service after Cyworld had suspended operations for 2 years and 3 months. Cyworld announced that within about 5 hours on that day, the number of visitors exceeded 6.8 million monthly active users (MAU), which was the peak monthly visitor count during Cyworld's heyday.