[World Cup] Season of chimac: Chicken stocks getting World Cup boost
Hashtag KoreaNov 18, 2022
With the FIFA World Cup just around the corner, stocks related to chicken are performing strongly on the Korean stock market in anticipation of a surge in demand. As of 2 p.m. Friday, Kyochon F&B shares were trading at around 12,600 won apiece on the main Kospi bourse, up 2 percent from the previous close. That is nearly 27 percent higher from a month ago. The operator of Kyochon, one of the most popular chicken brands in South Korea, has mounted a strong rally since Oct. 13 when it dipped t