[Featured Stock] Korea SE Hits Upper Limit as Typhoon Hinnamnor Approaches... Disaster Recovery Stocks Rally

[Asia Economy Reporter Lee Myunghwan] On the 5th, as the entire country of South Korea came under the influence of Typhoon Hinnamnor, disaster recovery-related stocks showed strength from the early trading session.

As of 9:36 a.m. on the same day, Korea SE was trading at 5,990 KRW, up 29.79% (1,375 KRW) from the previous trading day, approaching the price limit. Woo Won Development was trading at 6,090 KRW, up 15.34% (810 KRW) from the previous day, and Nature and Environment was trading at 1,685 KRW, up 2.74% (45 KRW).

At 3 a.m. on the 5th, Typhoon Hinnamnor passed 550 km south-southwest off Seogwipo City, Jeju. The central pressure and maximum wind speed were 935 hPa and 49 m/s, respectively, classifying it as a "very strong" typhoon. "Very strong" refers to a maximum wind speed of 44 m/s or more but less than 54 m/s, and a maximum wind speed of 33 m/s or more but less than 43 m/s. Hinnamnor is expected to maintain its strength as a "very strong typhoon" while moving northeast to 100 km northeast off Seogwipo by 3 a.m. on the 6th, then approach and make landfall on the southern coast of Gyeongnam, and pass 80 km north-northeast of Busan at 9 a.m. on the 6th before moving out into the East Sea.

President Yoon Suk-yeol chaired a "Typhoon Situation Inspection Meeting" at the Presidential Office Crisis Management Center the day before, urging strengthened inspections of vulnerable areas and proactive responses from all ministries.