[Featured Stocks] 500% No-Additional-Issue News Boosts... Jogwang ILI & Gongguwoomen Surge

[Asia Economy Reporter Minji Lee] Jogwang ILI and Gonggu Woman are showing a sharp intraday rise due to the effect of a free capital increase.

At 10:22 AM on the 16th, Jogwang ILI was trading at 10,650 KRW, up 29.72% (limit up) compared to the previous trading day. The stock price surged significantly after the company announced a 500% free capital increase, allocating 5 new shares for every 1 common share. The record date for new share allocation is July 15, and the listing date is scheduled for August 5.

Gonggu Woman is also benefiting from the free capital increase issue as a long-term positive factor. Gonggu Woman, which ended the previous two trading days at the limit up, is continuing its upward trend today. At this time, Gonggu Woman is trading at 121,900 KRW, up 18% from the previous trading day. During the session, it even soared to 129,100 KRW.