Hyundai Heavy Industries, a Decrease of 7.7%

A stock price of related issues shoot up or tobogganed depending on the result of a presidential election of December 19.

Such as Kyeryong Construction Industrial, Choong Nam Spinning, Dong Yang Department Store and Dae-A Engineering & Construction, issues located in Chungnam showed a jump of the price limit in the stock market on December 20. The analysis said it was because the president-elect Roh Moo-hyun pledged to construct a new administration city in Chungcheong-do including Daejeon.

Besides, the stock price of Hyundai Heavy Industries dropped by 7.72% because Jung Mong-jun of KM21 withdrew a support of the president-elect Roh Moo-hyun just before the election. As its affiliate, the stock price of Hyundai Mipo Dockyard decreased by 1.14%.

EG which Park Ji-man, brother of Park Geun-hae of the Grand National Party has participated, dropped to the limit-low. Also, the stock price of Digital Chosun dropped to the price limit.

However, the analysis said that such an extreme stock price flow was a temporary state. It is because it will take over 10 years to transfer the administration city and the stock price undergoes a company value not over the counter favorable factors or unfavorable factors for the medium and long term.

Jumped by 8.6% in relation to the transfer of administration city, Namkwang Engineering & Construction dropped by 0.43% on December 20. Also, Sambu Construction, which increased by 7.6% was 0.35% off. The decrease rate of Hyundai Mipo Dockyard decreased to 1.14%.

Chan-Sun Hong hcs@donga.com