President Yoon's emergency economic meeting... US-listed KooKmin and Naver Webtoon drop 5% rapidly
Doohyun Hwang
Summary
- It was reported that the stock prices of South Korean companies listed in the US fell sharply following the announcement of President Yoon Seok-yeol's emergency economic meeting.
- KooKmin fell by 5.6% on the New York Stock Exchange, while Naver Webtoon's price dropped by 4%.
- It was reported that Samsung Electronics' GDR also plunged by 6.7% in the UK.
President Yoon Seok-yeol announced an emergency economic meeting on the 3rd, causing the stock prices of South Korean companies listed on the US stock market to plummet.
On the 4th (local time) at 12:33 PM, KooKmin listed on the New York Stock Exchange fell by 5.6% compared to the previous trading day, and Naver Webtoon Entertainment (Naver Webtoon) listed on NASDAQ dropped by 4%.
Samsung Electronics' GDR listed in the UK also plunged by 6.7% right after the announcement of the economic meeting. The ADRs of Korea Electric Power Corporation and POSCO Holdings, SK Telecom, etc., in the US fell by 4.9%, 6.9%, and 2.4%, respectively.
Doohyun Hwang
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