[Market Focus] Inter-Korean Economic Cooperation Stocks Surge on Halt of Loudspeaker Broadcasts Toward North Korea... Joongunsa Ramdeul Up 15%

As the military halted its loudspeaker broadcasts toward North Korea for the first time in over a year, stocks related to inter-Korean economic cooperation surged across the board in early trading on June 12.

As of 9:33 a.m. on this day, shares of Joongunsa Ramdeul were trading at 1,396 won on the KOSDAQ market, up 15.47% from the previous trading day.

In addition, J Estina was up 8.16% from the previous session, trading at 3,445 won.

At the same time on the KOSPI market, shares of Indief (up 13.77%), Chobi (up 10.97%), Ilsinseokjae (up 8.86%), and Hyundai Elevator (up 8.14%) were also soaring.

The previous day, the presidential office announced that it had instructed the military to stop the loudspeaker broadcasts toward North Korea starting in the afternoon. The Joint Chiefs of Staff also stated on June 12 that North Korea had halted its loudspeaker broadcasts toward the South. Earlier, on June 9, the government had requested that civic groups suspend the distribution of anti-North Korea leaflets.