Sungshin Cement is gaining strength in the pre-market (Pre-Market, 8 a.m. to 8:50 a.m.) on the 21st, linked to the theme stocks related to the transfer of the administrative capital to Sejong City.

A mixer truck is transporting concrete mixed with cement and other materials at a ready-mix concrete plant located in Anyang city. Sungshin Cement, a corporation with large-scale production facilities in Sejong, shows strength in the pre-market on the 21st./Courtesy of News1

As of 8:32 a.m. on that day, in the NextTrade pre-market, Sungshin Cement was trading at 10,750 won, up 1,490 won (16.09%) from the previous closing price. It briefly recorded a rise of 20%, but has now somewhat reversed to a decline.

Sungshin Cement, a cement manufacturing corporation, has large-scale production facilities in Sejong City. The presidential candidate Lee Jae-myung of the Democratic Party of Korea has brought up a pledge to transfer the administrative capital to Sejong, linking it to the theme stocks.

The candidate noted on his social media (SNS) on the 17th that he would make 'Chungcheong, the heart of balanced development in Korea, the administrative and scientific capital' and would 'construct the National Assembly's Sejong office and the President's Sejong office during his term.'

In the pre-market that day, stocks related to cement are rising uniformly in anticipation of the transfer of the administrative capital to Sejong City. SG rose 4.13%, SAMPYO Cement by 3.39%, and Hanil Cement by 1.43%.