[Featured Stock] Crown Confectionery Surges... Highlighted as Theme Stock of the President-Elect

[Asia Economy Reporter Junho Hwang] On the 20th, the stock price of shares related to Crown Confectionery surged in the stock market.

As of 10:15 AM that day, Crown Confectionery recorded a 27.62% increase at 13,400 KRW. Crown Confectionery Preferred Shares also rose sharply by 29.79% to trade at 18,950 KRW. Additionally, Crown Haitai Holdings Preferred Shares jumped 20.34%, while Crown Haitai Holdings (23.95%) and Haitai Confectionery & Foods (17.81%) also rose together.

The rise on this day is analyzed to have occurred due to the combination of President-elect Yoon Seok-yeol's livelihood-focused political moves and the political theme stock craze.

President-elect Yoon Seok-yeol began his livelihood-focused visits to the Jeonbuk and Jeonnam regions on the 20th. Starting in the Jeonbuk area in the morning, he plans to visit Gwangju and other locations to tour local industrial complexes and livelihood sites. This is his first visit to Honam after the presidential election.

The stock price of Crown Confectionery has fluctuated significantly since last year as it was grouped as a 'Yoon Seok-yeol theme stock.' This is because Chairman Yoon Young-dal of Crown Confectionery and President-elect Yoon Seok-yeol share the same surname Yoon, and the Crown Confectionery manufacturing plant is located in Chungnam, which is the hometown of President-elect Yoon's father, linking it to the theme stock.