[Special Stock] DB HiTek Hits 52-Week High Amid Management Dispute Issue... Up 6%

DB HiTek is showing an upward trend for the third consecutive trading day, rising more than 6% during the session.

As of 9:20 AM on the 4th, DB HiTek's stock price is at 80,000 KRW, up 6.10% from the previous trading day. During the session, the stock price surged to 82,800 KRW, setting a new 52-week high.

The rise in DB HiTek's stock price is due to the emergence of a management dispute issue.

The company decided at the regular shareholders' meeting on the 29th to spin off the brand business division responsible for fabs. This agenda faced strong opposition from minority shareholders. Amid this, on the 30th, KCGI, known as the Kang Sung-bu Fund, announced that it had acquired a 7.05% stake to secure management rights, fueling expectations that the management dispute would intensify. In DB HiTek's case, the largest shareholders hold only a total of 17.84%, including DB Inc. (12.42%), DB Life (0.78%), and founder Chairman Kim Jun-gi (3.61%).