[Asia Economy Reporter Hwang Yoon-joo] Agabang Company is hitting the upper limit following the news of Seoul City's large-scale childcare support project.
As of 10:35 AM on the 18th, Agabang Company is trading at 4,420 KRW, up 30.00% (1,020 KRW) compared to the previous day.
On this day, Seoul City announced that it will promote the 'Mom and Dad Happiness Project' to reduce the childcare burden for parents with children under 10 years old and to create a child-friendly Seoul.
This is Seoul City's first comprehensive plan focused on the happiness of caregivers, with an investment of 14.7 trillion KRW over five years.
Specifically, through policies in the convenient outing sector, it will help ensure that parents do not feel uncomfortable or self-conscious when going out with their children. The 'Seoul Mom and Dad VIP Zone,' equipped with diaper changing stations, baby rest areas, and relaxation spaces, will begin operation starting with two locations. Additionally, the 'Seoul Mom and Dad Taxi,' equipped with car seats and capable of carrying strollers, will also be operated.
Due to the increased demand for infant-related products resulting from this project, it is interpreted that the stock price surged on expectations that Agabang Company and others will benefit.
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