ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

South Korean stock pickers react to Moon's administration

High-tech is in, heavy industry is out as the president sets his priorities

Hanmi's R&D Center in Gyeonggi-do, South Korea (Courtesy of Hanmi Science)

SEOUL Shares in Hanmi Science and LG Display have soared in the month since South Korean President Moon Jae-in took office on May 10, while SK Innovation and Korea Electric Power, or Kepco, have seen their stock tumble, illustrating the wide disparity in reactions to the new administration's economic policies.

Drugmaker Hanmi's shares jumped 33.42% to 87,000 won between May 8 and June 9, making it the biggest gainer of the 42 South Korean companies included in the Nikkei's Asia300 index. Panel maker LG Display saw the second-biggest rally, rising 20.72% to 36,700 won during the same period. The benchmark Kospi index rose 3.87% to 2,381.69 over the month.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more