Last weekend, the attempt by the People Power Party to replace its presidential candidate fell through, and with Kim Moon-soo confirmed as the candidate, shares related to him surged in early trading on the 12th. In contrast, shares related to former Prime Minister Han Duck-soo, who was sidelined in the presidential race, plummeted.
As of 9:12 a.m. on that day, Pyung Hwa Holdings was trading at 11,570 won, up 2,670 won (30.00%) from the previous trading day. Chairman Kim Jong-seok is from the same Gyeongju Kim clan as Kim Moon-soo, and the subsidiary PNT's factory is located in Gyeongbuk Yeongcheon, which is the hometown of Minister Kim. Thus, Pyung Hwa Holdings, classified as a theme stock of Kim, hit the upper limit on its opening.
Additionally, shares related to Kim, including Pyunghwa Industrial and DAE YOUNG Packaging, have risen by 28.43% and 24.72%, respectively.
After conflicts regarding the unification with former Prime Minister Han Duck-soo, Kim Moon-soo, the presidential candidate of the People Power Party, completed the candidate registration process the day before with the National Election Commission.
The People Power Party had begun to replace its 6.3 presidential candidate from Kim Moon-soo to former Prime Minister Han, but this was thwarted by a member vote rejection on the 10th. Kim will retain 'candidate number 2' as the presidential candidate of the People Power Party. In response, the former Prime Minister stated, 'I will accept all of this humbly and step down.'
At the same time, related theme stocks for the former Prime Minister, including ILJEONG INDUSTRIAL and i-Scream edu, recorded the lower limit.