On the 9th, Democratic Party leader Lee Jae-myung is stepping down from his position, while related theme stocks continue to show strength.
According to the Korea Exchange, as of 9:30 a.m. that day, Sangji Construction was trading at 15,230 won, up 3,510 won (29.95%) from the previous trading day. Sangji Construction has recorded six consecutive upper limit prices since the 2nd.
Sangji Construction has been linked as a "Lee Jae-myung theme stock" after it was reported that former outside director Lim Moo-young joined Lee's campaign.
Along with Sangji Construction, Orient Precision Industries, classified as a theme stock for Lee, is also trading at 15,460 won, up 970 won (6.77%) from the previous trading day. Orient Precision Industries is grouped as a theme stock due to Lee's past employment at its affiliate, Orient Watch.
Lee is expected to officially declare his resignation as party leader after presiding over his last highest committee meeting at the National Assembly that morning. Afterwards, the Democratic Party plans to embark on serious preparations for the presidential election under the acting leadership of Park Chan-dae.