Despite being designated as an investment risk item due to its recent surge in stock prices, Wider Planet has recorded a trading limit high for seven consecutive days.

As of 20th, Wider Planet was traded on the KOSDAQ (South Korean stock exchange market), up to its price limit 30%, from the previous day. Trading, which was suspended for one day following its designation as an investment risk, resumed today, immediately hitting the upper limit. This marks the seventh consecutive day since the 8th, during which the stock price has soared by 524%.

Wider Planet, a provider of marketing solutions through big data analysis, has continued its sharp rise since the news on the 8th that actors Lee Jung Jae and Jung Woo Sung would invest in the company. Lee Jung Jae and Jung Woo Sung, along with Wysiwyg Studios, are investing a total of 19 billion won (approximately 14.62 million US Dollars) in Wider Planet through a third-party allotment capital increase. Following the transaction, Lee Jung Jae will become the largest shareholder.

Lee Jung Jae and Jung Woo Sung are investing $7.69 million (10 billion won) and $1.54 million (2 billion won), respectively. If the current stock price is maintained until the new shares' listing date on the 28th, the valuation of their stocks will rise to $56 million (72.8 billion won) and $11 million (14.6 billion won) each, more than seven times higher. The lock-up period for the newly issued shares is one year.