◆Aju Economy Top News
▷‘Million-won’ shares jump from four to nine as stock rally accelerates
-Amid a KOSPI rally, the number of so-called “emperor stocks” priced at 1 million won or more surged from four to nine in five months.
-The KOSPI closed at 6,475.81, extending its record run to three straight sessions, and briefly topped 6,500 intraday.
-Buying focused on sectors expected to benefit from the postwar period, including semiconductors and defense, helped drive gains.
-Shares and target prices for major high-priced stocks, including Hyosung Heavy Industries, rose together, boosting market expectations.
-Some analysts cautioned about the so-called “emperor stock curse,” saying the next move will depend on earnings and order momentum.
◆Key Report
▷ESG Snapshot: What we saw at annual shareholder meetings [SK Securities]
-The 2026 March annual general meeting season again highlighted limits on participation by minority shareholders as meetings clustered in a short period.
-Despite mandatory cumulative voting, many proposals to amend corporate bylaws were voted down, leaving adoption sluggish.
-The report attributed this in part to low direct participation and limited proxy submissions, which weakened the exercise of voting rights.
-It also cited a structural problem: packed schedules make it difficult for shareholders to review agenda items thoroughly.
-Experts urged stronger education on using electronic voting and proxy systems to expand minority shareholders’ ability to exercise their rights.
◆Major disclosures after the close (23rd)
▷BF Labs to be delisted after auditors refuse to issue an opinion; trading to be suspended for liquidation from the 27th
▷Hansol Iones: Q1 operating profit 7.1 billion won, down 40.2% from a year earlier
▷Multicampus: Q1 operating profit 600 million won, down 86.4% from a year earlier
▷Organic Cosmetic: largest shareholder changed from Im Guk-gang to SUN YANE
▷Haesung Industrial fined 49 billion won by the Fair Trade Commission
▷East Asia Holdings changes company name to ‘Deep Commerce’
◆Fund flows (as of the 22nd, excluding ETFs)
▷Domestic equity funds: -1.0 billion won
▷Overseas equity funds: -2.4 billion won
◆Key events today (24th)
▷Japan: Consumer Price Index (March)
▷U.K.: Retail sales (March)
▷Germany: Ifo business climate index
▷U.S.: Consumer sentiment index (April, final)
* This article has been translated by AI.
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