[Market Focus] Bbia Rises on Hopes for Lifting of Korean Wave Ban Amid Xi Jinping's Planned Visit to Korea

Bbia is showing strong performance. This is interpreted as a result of expectations for the lifting of the Korean Wave ban, following news that Chinese President Xi Jinping is planning to visit South Korea.

As of 10:46 a.m. on the 18th, Bbia was trading at 11,130 won, up 11.19% from the previous day.

The previous day, Minister of Foreign Affairs Cho Hyun met with Chinese Foreign Minister Wang Yi and expressed hope that President Xi Jinping would visit South Korea on the occasion of the Asia-Pacific Economic Cooperation (APEC) Summit in Gyeongju at the end of next month, and that relations between South Korea and China would develop further.

Minister Cho stated, "It is very meaningful that APEC will be held in South Korea this year and in China next year in the Northeast Asian region," adding, "I hope this will serve as an opportunity not only for the development of APEC but also for the advancement of South Korea-China relations." He continued, "I hope President Xi will attend the Gyeongju summit and that his visit to South Korea will help further develop bilateral relations."

In response, Minister Wang emphasized, "The visit to China by former National Assembly Speaker Park Byeongseok and the participation of National Assembly Speaker Woo Wonshik in China's Victory Day event have played a positive role in fostering mutual understanding between the two countries. As close neighbors, China and South Korea need to visit each other frequently and engage in more exchanges. This will help deepen mutual understanding, avoid misunderstandings, enhance mutual trust, and strengthen cooperation."

Meanwhile, Bbia is a company engaged in the manufacturing and sale of color cosmetics, owning four brands: Bbia, About Tone, Edit B, and Eglips.