[Special Stock] GKL Rises for Second Day on Expectations of Increased Chinese Group Tourists... Hits Record High

GKL continued its upward trend for the second consecutive day, reaching a new 52-week intraday high.

As of 10:24 a.m. on June 4, GKL was trading at 15,090 won on the Korea Exchange, up 380 won (2.58%) from the previous day. During the session, the price climbed as high as 15,100 won, setting a new 52-week high.

The rise in share price is believed to be driven by expectations of improved earnings due to an increase in group tourists from China. Hyunji Lee, a researcher at Eugene Investment & Securities, stated, "With the temporary visa-free entry allowed for Chinese group tourists in the third quarter, we expect a recovery centered on mass (general) customers." She added, "In particular, since the proportion of mass customers is relatively high, the effect on earnings improvement is expected to be significant."