[Special Stock] Taeyoung Construction Surges for Second Day Following Delisting from Management Item

Taeyoung Construction has been showing a sharp rise for two consecutive days following the removal of its designation as a management item.

As of 9:25 AM on the 21st, Taeyoung Construction is trading at 3,940 KRW, up 700 KRW (21.60%) compared to the previous day. After hitting the daily limit up yesterday, it continues to rise by more than 20% today.

Earlier, on the 19th, the Korea Exchange announced that Taeyoung Construction would be removed from the management item list as the related issues were resolved with an unqualified audit opinion on the 2024 business year audit report.

Taeyoung Construction entered a workout (corporate financial restructuring) in January last year due to deteriorating financial conditions, and fell into capital erosion, resulting in a suspension of stock trading on March 13 and designation as a management item on March 21 of the same year. Trading resumed on October 31 following financial improvement.