[Stock in Focus] Pyungwha Industrial and Pyungwha Holdings Surge as Political Theme Stocks

The stock prices of Pyungwha Industrial and Pyungwha Holdings are surging as they are being perceived as political theme stocks.

According to the Korea Exchange on January 23, shares of Pyungwha Industrial are trading at 1,216 won, up 244 won (25.21%) from the previous trading day. Pyungwha Holdings is also showing strength, rising by 480 won (17.21%) to 3,575 won. Pyungwha Holdings recorded a new 52-week high on this day.

The subsidiary of Pyungwha Holdings, Element Six, is based in Yeongcheon, North Gyeongsang Province, which is also the hometown of Minister of Employment and Labor Kim Moonsoo. This has led to the perception of Pyungwha Holdings as a theme stock related to Minister Kim, contributing to its strong performance.

According to a survey commissioned by Dailian and conducted by the polling agency Public Opinion Fairness on January 20 and 21 using a 100% wireless ARS method, respondents were asked, "If Lee Jaemyung and Minister of Employment and Labor Kim Moonsoo were to face off in the next presidential election, whom would you vote for?" The results showed that 41.5% of respondents chose Lee, while 38.3% selected Minister Kim.