[Market Focus] Jaeyoung Solutec, First Gaeseong Complex Tenant, Surges on News of Government's Restart Preparations

Jaeyoung Solutec is showing strong performance. This is believed to be influenced by news that the government has, for the first time in five years, included preparations for inter-Korean economic cooperation in its economic policy framework and has begun work to reestablish the Gaeseong Industrial District Foundation (Gaeseong Foundation) in order to restart operations at the Gaeseong Industrial Complex.

As of 9:04 a.m. on August 14, Jaeyoung Solutec was trading at 939 won, up 5.51% from the previous day.

According to the Ministry of Economy and Finance on the previous day, the phrase "preparation for inter-Korean economic cooperation" is expected to be included for the first time in five years in the "New Government Economic Growth Strategy," which will be announced next week. The government has set out plans to reestablish the Gaeseong Foundation and has begun practical preparations, such as revising relevant laws and conducting reviews by the Inter-Korean Exchange and Cooperation Promotion Committee.

Jaeyoung Solutec, as the first company to move into the Gaeseong Industrial Complex, is considered a major beneficiary if the complex resumes operations. The Gaeseong Industrial Complex is expected to have significant economic effects in various areas, including strengthening the competitiveness of domestic manufacturing, increasing the income of North Korean residents, and building trust between South and North Korea.