SEOUL Dec 20 South Korea's main KOSPI share
index was up 0.26 percent at 1,998.37 as of 0505 GMT.
The junior Kosdaq index fell 0.45 percent.
Stocks on the move on Thursday include
**WOORI FINANCE UP**
Shares of Woori Finance Holdings Co jumped to
their highest levels in nearly three months after the election
of South Korea's new president raised hopes of privatisation of
the government-owned financial company.
KB Financial Group Inc was also named as a
potential candidate to bid for Woori Finance after KB's board
had rejected a plan to buy ING Groep NV's South Korean
insurance unit, analysts said.
Conservative Park Geun-hye from the ruling party won South
Korea's presidential election on Wednesday, beating her
left-wing challenger, Moon Jae-in.
Woori Finance Holdings shares jumped as much as 5.3 percent.
**PARK'S WIN BOOST SMALL STOCKS **
A number of small-cap stocks which local media reports said
were known to be related to South Korea's president-elect Park
Geun-hye surged by the daily limit of 15 percent after the
conservative ruling party lawmaker beat her left-wing challenger
Moon Jae-in on Wednesday.
The shares affected include those reportedly owned by Park's
brother or relatives - EG and Dayou Smart Aluminium
"Relations to the president-elect is lifting sentiment for
the firms. But they do not change the fundamental value of the
companies," said Kim Hyeong-ryeol, an analyst at Kyobo
Baby product makers also surged, as Park, who will become
the country's first female president in February, is known to
try to address South Korea's low birth rates. They include
Boryung Medience and Agabang & Company
In contrast, shares which are reportedly connected to Moon
plunged by 15 percent. They include Wooridul Life Sciences
(Reporting by Hyunjoo Jin; Editing by Eric Meijer and Anand