[Market Focus] Youngone Corporation Rises for 10 Consecutive Days on Strong Earnings, Hits Record High

Youngone Corporation continued its upward streak for the tenth consecutive trading day, setting a new intraday 52-week high.

As of 9:11 a.m. on November 21, shares of Youngone Corporation were trading at 86,200 won on the Korea Exchange, up 1,100 won (1.29%) from the previous day. During the session, the stock climbed as high as 87,500 won, marking another 52-week high.

The strong performance in the third quarter appears to be driving the stock price higher. In the third quarter, Youngone Corporation posted sales of 1.2047 trillion won, up 13% year-on-year, and operating profit of 181.2 billion won, up 73% from the same period last year.

Lee Jinhyup, a researcher at Hanwha Investment & Securities, commented, "Youngone Corporation's third-quarter results demonstrate that the company has overcome both concerns over tariffs and the overall business environment."

Park Hyunjin, a researcher at Shinhan Investment Corp., stated, "Earnings growth continues, driven by clients less affected by consumer market conditions. In addition, the base effect is becoming more pronounced as its subsidiary Scott has reduced its operating losses. Youngone Corporation is also the only original equipment manufacturer (OEM) to benefit from foreign exchange effects across both sales and net income, as the won-dollar exchange rate remains above the 1,400 won level."