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Hansung Enterprise Stock Surges 213% in 8 Days Amid Patriotic Buying Wave

2026-07-18 00:07:41

According to Hankyung, Hansung Enterprise stock surged 213% over 8 consecutive trading days from July 6-15, driven by viral social media sentiment celebrating the food manufacturer as a "patriotic company." The stock price climbed from 4,230 Korean won on July 6 to 8,460 won by July 10, with consecutive daily limit-up movements on July 9-10. The rally was triggered by the company's disclosure that it had quietly supported Korean War UN veterans for 25 years, combined with news that the company faced delisting risk due to its market capitalization falling below 30 billion won. However, experts warn caution, noting the company's operating profit margin stands at only 1.83%, with operating profit down 47% year-over-year. A similar phenomenon occurred in 2020 when the stock was labeled a "Biden-themed stock" and surged to 19,000 won before subsequently declining to 6,000 won.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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