[Featured Stock] 'Woo Won-sik Theme Stock' Kolon Mobility Group Preferred Shares Surge 24% Early in Trading

As of 9:31 a.m. on the 26th, the preferred stock price of Kolon Mobility Group recorded 7,150 won, up 23.5% from the previous day.

With the appellate court ruling on the public official election law violation case of Lee Jae-myung, leader of the Democratic Party of Korea, scheduled to be announced on the same day, interest in the next presidential candidate appears to have increased. Kolon Mobility Group was regarded as a 'Woo Won-sik theme stock' after it was revealed that CEO Ahn Byung-deok was a high school classmate of Chairman Woo.

In particular, investor sentiment seemed to focus on the preferred stock, which has relatively low circulating volume and can experience greater price fluctuations when trading volume concentrates. At the same time, the common stock price of Kolon Mobility Group rose only by around 2%.

Lee is accused of publicly disseminating false information, such as claiming he did not know the late Kim Moon-gi, former head of Development Project Division 1 at Seongnam Urban Development Corporation, who was in charge of the Daejang-dong project in December 2021 when Lee was a presidential candidate. Earlier, in November last year, the first trial court sentenced Lee to one year in prison with a two-year probation.