[Featured Stocks] Korea-Japan Entry Restrictions Under Review for Easing... Jin Air Up 8% and Travel Stocks Rally

[Asia Economy Reporter Kwon Jae-hee] Travel-related stocks, including Jin Air, are rising following news of the South Korean and Japanese governments easing entry restrictions.

On the 24th, as of 2:49 PM in the Korea Exchange, Jin Air recorded a price of 17,150 KRW, up 8.54% compared to the previous trading day.

During the session, it rose more than 10% at one point, reaching a high of 17,550 KRW.

On the same day, the Central Disaster and Safety Countermeasures Headquarters (CDSCH) stated that they are "collecting expert opinions" regarding the maintenance or abolition of the measure requiring people entering South Korea from overseas to undergo a COVID-19 test before entry.

This news has led to a strong performance in airline and travel-related stocks.

At the same time, Hanatour is trading at 52,400 KRW, up 6.18% from the previous trading day, and Modetour is up 6.41% at 16,550 KRW. Paradise is also recording a 7.80% increase at 15,900 KRW.

Recently, news from Japan that they are considering exempting triple-vaccinated travelers from pre-entry PCR testing is also interpreted as having a positive impact. According to the Nihon Keizai Shimbun, the Japanese government is reportedly reviewing a conditional exemption plan for COVID-19 testing before entry. Currently, a negative test certificate obtained within 72 hours before entry is required, but they plan to gradually ease this requirement.

This content was produced with the assistance of AI translation services.