[Featured Stock] Daedong Electronics, Sudden Limit Up?

On the 28th, the KOSPI index opened at 2,437.57, up 0.91% (22.04 points) from the previous trading day, as dealers were working in the Hana Bank dealing room in Euljiro, Seoul. The won-dollar exchange rate started at 1,306 won, down 7.3 won. Photo by Moon Honam munonam@

[Asia Economy Reporter Hwang Junho] On the 9th, Daedong Electronics' stock price hit the upper limit.

As of 1:51 PM that day, Daedong Electronics' stock price was 14,650 KRW, up 29.65% from the previous day.

There is no clear reason detected for the rise in Daedong Electronics' stock price. In the market, rumors are circulating that the stock price rose due to expectations that Daedong Electronics will proceed with a free capital increase.

Daedong Electronics is an electrical equipment company, and its website is currently inaccessible. In the first quarter, it achieved sales of 43.6 billion KRW and recorded an operating profit of 2.2 billion KRW. The operating profit decreased by 27.6% compared to the previous year.