[Special Stock] Daedong Gear Hits Record High Amid Rapid Progress in Ukraine Peace Talks

Daedong Gear is showing strong performance in the early trading session. The news that U.S. President Donald Trump agreed with Russian President Vladimir Putin during a phone call to immediately start negotiations to end the Ukraine war appears to have driven investment sentiment toward Ukrainian reconstruction stocks.

As of 9:09 AM on the 13th, Daedong Gear is trading at 23,550 KRW, up 16% (3,250 KRW) from the previous day. During the session, it briefly surged to 23,900 KRW, setting a new 52-week high.

Earlier, on the 12th (local time), President Trump revealed on his social media platform Truth Social that he had a phone call with Putin, stating, "We agreed to work very closely, including visiting each other's countries, to prevent millions of deaths in the Russia-Ukraine war."

With discussions to end the Ukraine war, which has continued for three years since February 2022, gaining momentum, related reconstruction stocks have been positively affected. Daedong Gear is a manufacturer of agricultural machinery, ship machinery, engines, automobiles, machine tool gears, and parts. The market has anticipated that Daedong Gear’s agricultural machinery parts could be utilized in Ukraine’s reconstruction after the war.