Shares Related to Economic Cooperation with NK Rise

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Shares Related to Economic Cooperation with NK Rise

Prices of shares related to economic cooperation with North Korea are rising sharply nowadays.
When Chung Ju Yung, honorary chairman of Hyundai Group, met with Kim Jong Il, leader of North Korea, any concerns about economic cooperation with the North were eased.
The share price of Kumgang Development Co. which is in charge of any NK development projects that Hyundai proposes has doubled in the recent month. The price of all of Hyundai Group's company shares are continuing to rise lately.
Since early October, share prices of the 37 companies which received approval from the government for joint projects with North Korea averaged a 37% rise, easily surpassing the average rise in share price the Korea Stock Price Index (KOSPI) recorded.
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