South Korean stocks recover after martial law turmoil [Wealth Professional (Canada)]
Korea Electric Power Corporation (KEP)
US:NYSE Investor Relations:
home.kepco.co.kr/kepco/en/ntcob/list.do?boardcd=brd_000242&menucd=en03040201
Company Research
Source: Wealth Professional
South Korean stocks experienced volatile trading on Tuesday as President Yoon Suk Yeol lifted an emergency martial law decree after a vote by the National Assembly overturned his order. The political turmoil raised concerns about instability in South Korea, the world's 13th-largest economy, CNBC reported. The iShares MSCI South Korea ETF (EWY), which tracks over 90 large and mid-sized South Korean companies, dropped as much as 7 percent to reach a 52-week low during the session. By the close, the ETF recovered most of its losses, ending down 1.6 percent. This marked its fifth consecutive negative day, with trading volume exceeding 35 million shares—more than ten times its 30-day average. US-traded shares of several South Korean companies were affected but closed off session lows. Korea Electric Power's American depositary receipts (ADRs) fell over 2 percent, while Coupang, a prominent South Korean e-commerce firm, dropped 3.7 percent. KT Corp., previously Korea Telecom, d
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KEP
Sec Filings
- 12/20/24 - Form 6-K
- 12/10/24 - Form 6-K
- 11/29/24 - Form 6-K/A
- KEP's page on the SEC website