[Featured Stock] Korea Gas Corporation Soars Following Yoon's Statement on "Huge Oil and Gas Deposits Possible off Pohang Coast"

Korea Gas Corporation is soaring. It appears to be influenced by President Yoon Seok-yeol's statement about the high possibility of large-scale oil and gas deposits in the waters off Pohang.

As of 10:47 a.m. on the 3rd, Korea Gas Corporation was trading at 37,550 KRW, up 7,750 KRW (26.01%) compared to the previous trading day.

On the same day, President Yoon held his first national briefing since taking office at the Yongsan Presidential Office and stated, "Physical survey results indicate a high possibility of massive amounts of oil and gas deposits in the waters off Yeongil Bay, Pohang, Gyeongbuk," adding, "Recent results show a very high possibility of oil and gas deposits amounting to 14 billion barrels, and these findings have been verified by leading research institutions and experts."

He also approved the Ministry of Trade, Industry and Energy's exploration drilling plan, explaining, "From now on, we will move to the exploration drilling phase to confirm whether oil and gas actually exist and to determine the actual scale of the deposits."