[Stock Focus] Aekyung Industrial Jumps Over 10% on News of Walmart Entry in U.S.

The share price of Aekyung Industrial is showing a rally of over 10% on the morning of the 24th following news that it has entered Walmart, the largest retailer in the United States.

As of 9:37 a.m. that day, Aekyung Industrial was trading at 17,650 won, up 10.45% from the previous session. Immediately after the market opened, it even broke above the 19,000 won level.

This surge came in the wake of Aekyung Industrial announcing that its body care brands "Lovcent" and "Shower Mate" have entered Walmart. The news of its advance into a major U.S. retail channel has heightened expectations for improved earnings, which appears to have drawn strong buying interest from investors.

These brands have begun sales simultaneously at about 600 Walmart offline stores across 48 U.S. states and on Walmart's online platform. Aekyung Industrial plans to gradually increase the number of stores in which its products are available going forward.