[Special Stock] THQ Announces 40 Billion KRW Fundraising... Two Consecutive Days of 'Limit Up'

52-Week High Updated During Trading on the 9th

On the 28th, citizens are waiting to purchase discounted airline tickets in front of the Coffee Bean Gwanghwamun branch in Jongno-gu, Seoul, to celebrate the reopening of Air Seoul's international flights. To commemorate the resumption of international flights, Air Seoul is offering round-trip tickets on Southeast Asian routes to Guam, Saipan, Nha Trang, Danang, and Boracay at up to 97% off on a first-come, first-served basis for members of its website. Photo by Moon Honam munonam@

[Asia Economy Reporter Ji Yeon-jin] THQ, a telecommunications antenna manufacturer, surged to the upper price limit from the early session on the 9th, setting a new 52-week high.

On the day, THQ soared to 498.5 billion KRW, up 29.99% compared to the previous trading day, within just five minutes of the market opening on the KOSDAQ. This is the highest price in 52 weeks.

Earlier, the company had closed at the upper price limit even after announcing the issuance of convertible bonds worth 25 billion KRW and a paid-in capital increase worth 15 billion KRW on the 6th.

The market views the stock price surge as a result of the company’s reopening-related business becoming more concrete. THQ is divided into an antenna business unit that manufactures and sells antennas and an inbound platform business unit (focused on the domestic inflow of foreign tourists).

In preparation for the explosive demand for overseas travel following the end of COVID-19, the company signed a cooperation agreement with Leaders Airlines, which operates charter flights, and announced plans to acquire shares.

Leaders Airlines has secured charter flight routes to China’s Zhangjiajie, Hainan, Jinan, as well as Johor Bahru in Malaysia.

Additionally, the announcement on the 6th of a 40 billion KRW fundraising plan appears to have ignited investor sentiment with expectations that these businesses will gain momentum.