[Special Stock] "Livelihood Recovery Consumption Coupons" Distributed... CJ CGV Surges Over 11%

On June 20, CJ CGV showed strong gains in early trading. This came after the Lee Jaemyung administration decided to distribute "Livelihood Recovery Consumption Coupons" to boost consumption.

As of 9:30 a.m. on this day, CJ CGV was trading at 5,330 won, up 535 won (11.16%) from the previous trading day.

Investor sentiment appears to have concentrated on the stock as the government embarked on an extra budget for livelihood recovery, with expectations that the film industry will benefit.

President Lee Jaemyung convened a Cabinet meeting the previous day and approved a supplementary budget totaling 30.5 trillion won, which includes the distribution of 13.2 trillion won worth of "Livelihood Recovery Consumption Coupons."

The Livelihood Recovery Consumption Coupons, which will strengthen consumption power by a total of 13.2 trillion won, will be distributed to the public at 150,000 to 520,000 won per person. The coupons will be provided in the form of local gift certificates, prepaid cards, and credit or debit cards, but not as cash.

Additionally, the government will distribute 7.8 million discount coupons to boost consumption in the service sector, including 4.5 million movie ticket discount coupons worth 6,000 won each. Due to budget constraints, these discount coupons will be distributed on a first-come, first-served basis.