The stock price of a Chinese company that attracted great attention by showing a drone taxi flight in the sky of Seoul plummeted in a day. The suspicion that the stock price has been inflated by lies has been raised, but there are many domestic investors who have invested in it, and the damage is concerned.
Reporter Lim Tae-woo reports.
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A drone taxi promoted by the Ministry of Land, Infrastructure and Transport and Seoul in November last year, saying that it will become a new means of transportation in the city center within five years.
It is a Chinese company’binang’ product, which successfully ended the demonstration and attracted attention.
Lee Hang, also known as the Chinese version of Tesla after listing on the US NASDAQ in December 2019, has risen 12 times from $10 per share three months ago to $120.
However, an investment information company in the United States reported that Lee Hang’s business performance was inflated and the substance was suspicious, which plunged more than 60% in one day.
The report exposed the suspicion that a company called Kunshang Shanghai, which had signed a contract of 70 billion won with Lee Hang, was impatient nine days before the contract and that the address was also fake.
In addition, Lee Hang’s Guangzhou business site also disclosed that the manufacturing capability was questionable because the development facilities were not properly equipped.
Lee Hang is the ninth largest foreign stock invested by Koreans, and the balance of Korean stocks exceeds 600 billion won, and so-called Seohak ants are inevitable.
[서상영/키움증건 투자전략팀장 : 신기술이 실질적으로 기업실적으로 다가오지 못하면 결국은 제자리로 돌아가는 게 투자거든요.]
The city of Seoul, which bought a drone taxi at 300 million won, is in a difficult position.
[서울시 관계자 : 당시 실증사업영역은 국토부 주관으로 추진했던 거고, 서울시는 테스트베드(시험무대) 역할을 한 거여서….]
Lee Hang refuted that the report contained numerous errors and misunderstandings, but failed to provide concrete evidence of refutation.
(Video coverage: Park Hyeon-cheol, video editing: Park Ji-in)