SM's stock price started on an upward trend.
As of 9:32 AM on the 14th, SM is trading at 116,600 KRW on the KOSDAQ market, up 3,500 KRW (3.09%) from the previous day. The opening price was set at 115,500 KRW, 2,400 KRW higher than the previous day.
On the previous day, SM's management dispute was resolved, but individual investors sold more than 400,000 shares net, causing the stock price to drop by about 23.48%.
Kakao is conducting a public tender offer for SM shares at 150,000 KRW per share until the 26th.
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