Korea Gas Corporation has been strong for the second consecutive day. This is interpreted as being influenced by President Yoon Seok-yeol's announcement the day before that there is a possibility of oil and gas reserves amounting to 14 billion barrels off the coast of Pohang, Gyeongbuk.
As of 9:31 a.m. on the 4th, Korea Gas Corporation is trading at 46,350 KRW, up 19.77% from the previous day. The day before, Korea Gas Corporation closed at the upper price limit.
The day before, President Yoon Seok-yeol held his first national briefing since taking office at the Yongsan Presidential Office, with Minister Ahn Deok-geun of the Ministry of Trade, Industry and Energy in attendance, stating, "Since our government took office, based on the judgment that there is a high possibility of more oil and gas fields around the East Sea gas field as of last February, we entrusted a world-class deep-sea technology evaluation specialist company with physical exploration and in-depth analysis." He added, "Recently, results showed a very high possibility that oil and gas reserves amounting to 14 billion barrels exist, and this has also been verified by leading research institutions and experts."
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