SK D&D reached its upper limit after the Financial Supervisory Service (FSS) requested a correction regarding its capital increase. This surge is interpreted as a reflection of reduced concerns over shareholder value dilution due to the large issuance of new shares.

According to the Korea Exchange, as of 3:10 PM, SK D&D was trading at 5,940 won, up 1,365 won (29.84%) from the previous trading day.

On the previous day, the FSS demanded that SK D&D submit a corrected report regarding its securities filing for the capital increase submitted on July 28. If SK D&D does not submit the correction within three months, the securities filing will be considered withdrawn.

Earlier, SK D&D's board decided on July 28 to issue 44,681,000 new shares to raise 136.7 billion won for debt repayment through a shareholder allocation method. The scale of the new share issuance is approximately 240% of the existing number of shares, leading to increased concerns about stock value dilution and a decline in share prices following the announcement.

The FSS explained the request for correction, stating, "If the details of important matters are unclear or misleading, it can hinder rational investment decisions by investors or cause significant misunderstandings among them."

Market analysts suggest that the FSS's intervention may prompt a reevaluation of the capital increase process, potentially alleviating the dilution burden on existing shareholders, which in turn has driven up the stock price.

Since the announcement of the capital increase, SK D&D's stock had been on a downward trend until the previous day. However, the request for correction has increased uncertainty regarding the large issuance of new shares, improving investor sentiment and attracting buying interest.

* This article has been translated by AI.

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