[Special Stock] Daewang Whale-Related Shares, Aftermath of Emergency Martial Law Declaration Crisis

Shares related to Daewang Whale, including Korea Gas Corporation and Hwaseong Valve, are simultaneously declining. This appears to reflect concerns that the declaration of martial law could impact the momentum of key national projects.

As of 9:10 a.m. on the 4th, Korea Gas Corporation is trading at 37,250 KRW, down 8.7% from the previous day. Hwaseong Valve is also down by about 8%.

Minister An Deok-geun of the Ministry of Trade, Industry and Energy has canceled all external schedules and is focusing on assessing the domestic industrial impact in relation to the declaration and lifting of martial law. The Ministry held an emergency meeting around midnight on the same day, chaired by Minister An, to review the economic and industrial situation and energy supply and demand following the declaration of martial law.

The Ministry is reportedly examining the potential impact of the martial law declaration and lifting on the momentum of key national projects, such as the development of the East Sea deep-sea gas field known as "Daewang Whale" and the export of new nuclear power plants to the Czech Republic.

However, despite the aftermath of the martial law declaration, the Ministry plans to proceed with the first exploratory drilling schedule for the East Sea deep-sea gas field as planned.