Raemongraein, a Kosdaq-listed drama studio, keeps setting new highs this year with the April 10 general elections getting closer, as it is considered to be a politically-themed stock based on the relationship between actor Lee Jung-jae and ruling party interim leader Han Dong-hoon.
Stocks related to high-profile politicians are growing highly volatile as the April 10 general elections approach, prompting the country’s financial watchdog to closely monitor their transactions against possible price-rigging and other forms of market manipulation.
The stock price of Wider Planet, a big data-driven targeting advertisement platform, has hit a daily upper limit of 30 percent increase for three consecutive sessions. The stock price ended at 8,150 won ($6.2), a 29.98 percent jump from the previous session.
Shares of a South Korean firm that uses artificial intelligence to produce advertising jumped 69% in two sessions after it said Squid Game star Lee Ju.