[Featured Stock] Jeju Air Falls Over 6% Amid Speculation of Capital Increase

[Asia Economy Reporter Lee Myunghwan] Jeju Air has been showing weakness since the early trading hours on the 19th. This is interpreted as a reaction to the news that the company is planning a rights offering, which was reported the previous day.

As of 9:50 AM, Jeju Air is trading at 15,450 KRW, down 6.65% (1,100 KRW) from the previous trading day.

The previous day, a media outlet reported that AK Holdings, the parent company of Jeju Air, is planning to raise capital worth 100 billion KRW to support Jeju Air's rights offering.

In response, the Korea Exchange's KOSPI Market Division requested a disclosure inquiry regarding the report on the rights offering. The deadline for the disclosure is 6 PM today.