[Asia Economy Reporter Myunghwan Lee] This year, Korea SE, a stock related to flood damage restoration, surged 500% in the domestic stock market, ranking first in stock price increase rate. On the other hand, NAVER and Kakao, representing major domestic internet stocks, saw their stock prices fall by nearly 40%.
According to the Korea Exchange on the 10th, an analysis of the stock price fluctuations of companies listed on the KOSPI and KOSDAQ markets from the beginning of the year to August 8 showed that Korea SE, a KOSDAQ-listed company, rose 500%, ranking first in stock price increase during this period. Korea SE closed at 1,430 won on January 3 and closed at 8,580 won on the 8th, marking a 500% increase.
Korea SE manufactures permanent anchors used for natural disaster recovery and is classified as a flood damage restoration-related stock in the stock market. Recently, the stock price soared as investors flocked following the news of Typhoon Hinnamnor's northward approach and its acquisition by unicorn company GP Club. The Korea Exchange designated Korea SE as an investment warning stock and suspended trading for one day on the 8th.
Kanaaria Bio (481.75%), a KOSDAQ-listed company, ranked second among the biggest gainers. This company, formerly Dooal Mulsan, a company listed on the over-the-counter market this year, changed its name after acquiring shares of Hyundai Feed and becoming the largest shareholder. The former Hyundai Feed saw a surge in stock price due to expectations of a simultaneous rise in feed-related stocks amid rising grain prices and the possibility of a merger with Kanaaria Bio.
Other notable KOSDAQ market gainers included IBKS No.12 SPAC (221.49%), Haink Korea (189.68%), Hanil Feed (186.08%), Hanchang Biotech (178.32%), Hurim Robot (164.5%), Picogram (150.57%), Yushin (145.83%), and ISE Commerce (137.77%).
On the KOSPI market, Hyundai Energy Solutions closed at 76,500 won on the 8th, up 257.47% from 21,400 won on January 3. Hyundai Energy Solutions, a solar module sales company, is expected to benefit from increased demand for solar installations amid global gas and power supply shortages. Additionally, there are forecasts that domestic renewable energy companies such as solar and wind power will benefit from the U.S. Inflation Reduction Act (IRA).
Other high gainers on the KOSPI included Kumyang (255.75%), Husteel (194.15%), Samchully (138.98%), Hanshin Machinery (108.24%), and Hanmi Global (99.17%).
Conversely, Samsung Electronics, the leading stock in the domestic market, fell 28.99% from a closing price of 78,300 won on January 3 to 55,600 won on the 8th. NAVER also dropped 38.83% from 378,500 won to 231,500 won, and Kakao fell 39.55% from 112,500 won to 68,000 won. Kakao Bank (-57.62%) and Kakao Pay (-64.75%) also saw their stock prices fall by more than 50%.
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