GS Global and POSCO International have seen their stock prices rise continuously following last week, fueled by expectations for deep-sea gas field development.
On the 24th, in the stock market, GS Global's stock price was trading at 3,730 KRW as of 9:25 AM, up 16.20% compared to last week's closing price. POSCO International was trading at 67,200 KRW, up 4.35%.
The stock prices of both companies began to surge after it was reported that GS Energy and POSCO International attended the 'Daewanggorae' project strategy meeting held last week under the chairmanship of the Minister of Trade, Industry and Energy. On Friday the 21st, GS Global hit the upper price limit, while POSCO International closed up 2.22%.
GS Energy, responsible for new energy technologies and overseas resource development investments within the GS Group, attended the meeting. However, since GS Energy is an unlisted company, the stock prices of the holding company GS and GS Global, the group's overseas resource development investment firm, surged sharply.
Meanwhile, GS, whose stock price surged last week, gave back its gains on this day, recording a 7.05% decline to 50,200 KRW.
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