[Featured Stock] Kolon Global, Thought Saudi Tailwind Had Ended but...

[Asia Economy Reporter Junho Hwang] Kolon Global's stock price is soaring in the stock market on the 30th.

As of 10:06 AM that day, Kolon Global recorded 53,700 KRW, up 19.47% from the previous close. Kolon Global's stock price had risen sharply over the past six trading days but fell 20.8% on the 29th, then resumed its upward trend on this day.

Kolon Global's stock price surged as it was identified as a beneficiary related to the 'NEOM City' project following the visit of Saudi Crown Prince Mohammed bin Salman to Korea on the 17th.

Kolon Global recently participated as the representative of the construction infrastructure sector in the Saudi procurement support team 'One Team Korea.' It was included in the support team due to its outstanding water treatment technology capabilities. NEOM City aims to accommodate a population of 1 million by 2030 and ultimately 10 million in the long term.