[Featured Stock] Media Content Stocks Rise on Expectations of Hanhanryeong Lift

[Asia Economy Reporter Minji Lee] As expectations for the lifting of the Hanbanryeong (Korean Wave restriction order) rise, media content-related companies such as entertainment and gaming are showing an upward trend.

As of 10 a.m. on the 16th, Studio Dragon was trading at 70,500 won, up 6.02% from the previous trading day. The company's stock price continued its upward trend, rising to 71,000 won during the session. Another content-related stock, Wysiwyg Studios, also rose 1.12%. This reflects the outlook that media content supply in China could become more active following the Korea-China summit.

On the 15th (local time), President Yoon Suk-yeol held his first face-to-face summit with Chinese President Xi Jinping in Bali, Indonesia, raising expectations for the lifting of the Hanbanryeong. Since President Xi expressed an open attitude toward cultural exchanges between the Korean and Chinese peoples, expectations for the resumption of Korean cultural content exports to China have increased.

Expectations for the expansion of Chinese game license issuance have also risen, with Pearl Abyss (1.14%), Wemade (1.58%), and Com2uS (2.69%) also on the rise. JYP Ent. (1.72%), SM (3.82%), and HYBE (1.09%), whose sales in the Chinese market have significantly shrunk since the Hanbanryeong, are also showing an upward trend.