Trump praised South Korean wood pen manufacturer Lee Jae-myung during his meeting, and its stock price rose by over 60% on the second day.
South Korean President Lee Jae-myung held a summit with U.S. President Trump at the White House on Monday. A small incident occurred during the meeting, in which Trump praised one of Lee Jae-myung’s pens, unexpectedly causing the share price of South Korean pen company MonAmi Co. to rise to a 19-month high. On Wednesday (27th), it rose by 24% at one point, and the two-day increase was more than 60%.
Trump was fascinated by the pen during his first meeting with South Korean President Lee Jae-myung at the White House on Monday (25th). Bloomberg quoted local media JTBC News as saying that during their meeting, Trump spent nearly two minutes asking about the origins of the wooden pen and held it in his hand until the two entered a closed-door meeting.
Media reports indicate that Trump praised the pen, saying, “This pen is really nice,” “The handwriting is beautiful, and the thickness is nice.” He even asked his assistant to “get me that pen,” prompting laughter.
Lee Jae-myung then gave the pen to Trump, saying, “It will come in handy for your complex signature.”
According to the South Korean media Dong-A Ilbo, the brown pen uses a MonAmi nib, which is engraved with the traditional South Korean phoenix pattern and is handmade by Zenyle in Seoul.
