On the 4th, President Lee Jae-myung, who began his term, is seeing strong stock prices related to regional currency that he promised as part of his campaign.
According to the Korea Exchange, as of 9:30 a.m., KONA I is trading at 51,900 won, up 6,450 won (14.19%) from the previous trading day. KONA I reached a new one-year high by rising to 55,800 won early in the day. Since 2018, KONA I has been implementing regional currency and KONA card payment services based on its payment platform.
At the same time, COOCON, also considered a stock related to regional currency, is trading at 23,250 won, up 1,125 won (5.20%) from the previous trading day. WebCash is also trading at 18,630 won, up 2.59%.
This is interpreted as investor sentiment being attracted due to the president's promise to expand regional currency. Previously, the Election Commission revealed that the expansion of the issuance scale of regional love gift certificates and Onnuri gift certificates was included in the lower clauses of the 10 major campaign pledges.