[Featured Stock] Aftermath of Kim Geon-hee's Recording Release?... Ahn Cheol-soo-Related Stocks Plummet

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] Shares related to Ahn Cheol-soo, the People Power Party's presidential candidate, have sharply declined following the release of a portion of the recorded conversation of Kim Geon-hee, wife of the People Power Party's presidential candidate Yoon Seok-yeol.

As of 10:31 a.m. on the 17th, AhnLab was trading at 88,100 KRW, down 15.61% (16,300 KRW) from the previous trading day. At the same time, Sunny Electronics was down 16.61%, and Camu E&C was down 18.69%.

AhnLab is a company founded by candidate Ahn, who holds more than an 18% stake. Sunny Electronics has executives who are former AhnLab employees, and Camu E&C is linked to Ahn’s related stocks because Pyo Hak-gil, an outside director, served as the standing representative of Ahn Cheol-soo’s support group.

These stocks are believed to have plunged because the recording files of Kim Geon-hee, wife of candidate Yoon, recently released through broadcasts, were evaluated as containing no content that would damage candidate Yoon. There has been speculation about the possibility of unification between candidate Ahn and candidate Yoon from the opposition camp.

Earlier, MBC’s current affairs program Straight revealed part of the ‘7-hour conversation’ between Kim Geon-hee, wife of candidate Yoon, and reporter Lee Myung-su of ‘Seoul Voice’.