Trump praises South Korea's technology and "needs cooperation"...What came out on the phone with 尹 [Now News]

Shipbuilding stocks are soaring in early trading on the 7th due to U.S. President-elect Donald Trump's remarks shortly after his presidential election victory that South Korea needs help and cooperation in the country's shipbuilding industry.

As of 9:30 a.m., HD Hyundai Heavy Industries was trading at KRW 202,000, up 11.54% from the previous day.

In July, HD Hyundai Heavy Industries signed a ship maintenance agreement with the U.S. Navy Supply System Command and entered the U.S. ship maintenance (MRO) market for the first time in Korea.

Hanwha Ocean, which is strengthening its local marine defense and MRO business, including the acquisition of Philly Shipyard in Philadelphia in June, is also surging, rising 10.25% to 30,650 won.

HD Hyundai Mipo (7.91 percent), HJ Heavy Industries (7.53 percent), Samsung Heavy Industries (6.45 percent), and HD Korea Shipbuilding & Marine Engineering (5.49 percent) are also rising sharply.

President-elect Trump spoke to President Yoon Suk Yeol earlier in the day and mentioned the need for South Korea's help and cooperation in the U.S. shipbuilding industry, an official from the presidential office said.

At the same time, there are predictions in the stock market that the Trump administration's traditional energy-oriented policy could lead to an increase in the construction of energy carriers by domestic shipbuilders.


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