President Lee Jae-myung nominates Kim Jeong-gwan as Minister candidate for the Ministry of Trade, Industry and Energy. /Courtesy of the Presidential Office

Doosan Enerbility's stock price is strong in the pre-market on the 30th (8 a.m. to 8:50 a.m.). The nomination of Kim Jeong-kwan, CEO of Doosan Enerbility, as the new Minister of Trade, Industry and Energy seems to have stimulated investor sentiment.

Doosan Enerbility shares traded at 70,600 won on the Next Trade at 8:27 a.m. on the 30th. The stock price rose by 7.29% (4,800 won) compared to the previous trading day. The stock price of Doosan Enerbility had been in a downward trend, peaking at 71,400 won during trading on the 24th, but is rebounding today.

President Lee Jae-myung nominated CEO Kim as the new Minister of Trade, Industry and Energy the day before. Kim, who entered public service as part of the 36th Administrative Examination, has served as the Director General of Comprehensive Policy at the Ministry of Economy and Finance and as the Director General for Policy Planning at the Bank of Korea. After joining Doosan Group in 2018, he served as the head of the Doosan Business Research Institute and is currently the CEO of Doosan Enerbility.

As the new government has entrusted significant responsibilities to individuals from the corporate sector, this is interpreted as attracting investors to related stocks. Representative examples include Ha Jung-woo, Chief of Future Planning at NAVER; Han Seong-suk, Minister of Small and Medium Enterprises and Startups; Bae Gyeong-hun, Ministerial nominee for Science and ICT, who has a background in LG; and Yoon Chang-ryeol, Minister of the Office for Government Policy Coordination.