Hansung Enterprise
Hansung Enterprise and Monami, which surged on a “patriotism theme” after facing delisting risk, have received a trading suspension warning and an investment-warning designation, respectively.
On the 14th, the Korea Exchange (KRX) said investors should be cautious with Hansung Enterprise, currently designated as an investment-warning stock, as its shares could be suspended from trading if the price rises further. The suspension warning date is set for the 15th. If that day’s closing price rises 40% or more from the closing price on the 13th and is higher than the closing price on the day before its investment-warning designation, trading will be suspended for one day on the 16th. Monami was designated as an investment-warning stock, the stage preceding a trading suspension warning.
The two stocks are cited as representative “good companies” that recently faced the risk of being expelled from the market due to tightened delisting standards. After the Korea Exchange raised the market capitalization requirement for maintaining a KOSPI listing to 30 billion won this month, concerns arose over the delisting of these companies.
Monami Website
Hansung Enterprise, well known for its “Crami” brand, drew buying interest after word spread through online communities and social media (SNS) that it had sponsored concerts for Korean War veterans for 25 years.
Monami emerged as a domestic product replacing Japanese-made writing instruments during Japan’s 2019 export restrictions on semiconductor materials. Monami’s share price, which was in the 2,500 won range in early July 2019, soared to 8,950 won within a month, posting a gain of more than 250%. This time as well, netizens have posted a series of purchase confirmations such as “Let’s save the patriotic company Monami” and “Protect Made in Korea.”
According to the Korea Exchange, Hansung Enterprise’s shares closed at 11,170 won on the 14th, up 20.11% from the previous trading day. Compared with 4,300 won at the beginning of this month, the share price gain reaches 159.77%. Monami’s shares closed at 2,650 won, up 29.9% from the previous trading day.
Enex and Vivien, cited as other “patriotic theme stocks,” also closed higher. Enex ended trading up 29.96% at 1,631 won, while Vivien closed up 29.89% at 8,170 won. Enex joined the patriotic theme after it became known that it had steadily donated student furniture, beds and storage cabinets to childcare facilities and welfare institutions. Vivien is likewise a leading domestic women’s underwear brand and was classified as a patriotic theme stock in 2019.