[Featured Stock] Youngpoong Paper Continues Two-Day Limit-Down... Daeyang Metal Also Plunges Over 20%

On the 27th, Yeongpung Paper experienced a plunge, hitting the lower limit for two consecutive days since trading resumed. Daeyang Metal also saw a drop of over 20% in the early session.

As of 9:24 a.m. that day, Yeongpung Paper's stock price fell to 16,650 won, down 30% from the previous trading day, reaching the maximum price limit.

Daeyang Metal's stock price was also trading at 1,209 won, down 23.30% from the previous day.

This year alone, Yeongpung Paper's stock price surged more than 800% before suddenly hitting the lower limit on the 18th without any clear negative news. In response, financial authorities launched an investigation into unfair practices such as market manipulation and suspended trading. Trading resumed the day before, but the stock has hit the lower limit for two consecutive days. Daeyang Metal is the largest shareholder of Yeongpung Paper.

During the investigation of this incident, financial authorities detected allegations of stock price manipulation related to unfair trading and reported them to the prosecution.