Inter-Korean stocks soar on hopes for renewed US-North Korea talks
Shares linked to inter-Korean economic cooperation skyrocketed, Tuesday, as U.S. President Donald Trump said North Korean leader Kim Jong-un had responded to his proposal for talks, according to the Korea Exchange. Good People soared 30 percent to close at 429 won ($0.31), hitting the daily price ceiling. Codes Combine and In the F also surged 30 percent and 29.81 percent, respectively, to close…
Inter-Korean stocks have surged following U.S. President Donald Trump's announcement that North Korean leader Kim Jong-un had responded favorably to his proposal for renewed talks, according to The Korea Times. Notable stocks such as Good People, Codes Combine, and In the F experienced significant increases, with Good People surging 30% to close at 429 won, Codes Combine rising 30% to 3,510 won, and In the F climbing 29.81% to 2,395 won.
These stocks are considered barometers of inter-Korean relations, as they are linked to the Gaeseong Industrial Complex, an economic zone jointly operated between South and North Korea, which was shut down in 2016 amid concerns about potential misuse of funds for North Korea's weapons programs.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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- Inter-Korean stocks soar on hopes for renewed US-North Korea talks koreatimes.co.kr
