Korea Zinc, currently undergoing a management rights dispute, closed at 2 million won on the 5th.
The buying frenzy was driven by the heated competition for shareholding ahead of the extraordinary general meeting of shareholders next month. Chairman Choi Yoon-beom's friendly forces are also increasing their shares through on-market purchases.
On this day, Korea Zinc closed at 2 million won, up 329,000 won (19.69%) from the previous day. Starting the day at 1,731,000 won, Korea Zinc gradually trended upward and reached the 2 million won mark.
The stock price of Korea Zinc, which was 903,000 won on the 25th of last month, rose for eight consecutive trading days from the 26th of the same month to this day, more than doubling. This contrasts with the KOSPI, which fell 3.61% during the same period.
The market capitalization also increased significantly. The current market capitalization is 41.4066 trillion won. It surpassed Celltrion (39.2912 trillion won) and Kia (37.3812 trillion won) to rank 6th in market capitalization on the KOSPI market.
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