Corporate Logo(source: hanwhaocean.com)
On July 31, Shipbuilding stocks rallied in early trading following the conclusion of Korea-U.S. trade negotiations, with the sector seen as a key beneficiary of the agreement.
As of 9:15 a.m., shares of Hanwha Ocean (042660) were trading at 105,100 won, up 6.16% from the previous session on the KOSPI market.
HD Hyundai Heavy Industries (329180) rose 2.44%, HJ Shipbuilding & Construction (097230) gained 1.26%, and HD Korea Shipbuilding & Offshore Engineering (009540) climbed 0.99%.
Earlier, U.S. President Donald Trump announced at the White House that following a meeting with South Korea’s trade delegation, the U.S. agreed to lower its reciprocal tariff on South Korean imports from 25% to 15%—a level equivalent to that applied to Japan and the European Union—in exchange for a commitment from South Korea to invest 350 billion dollars (approximately 487 trillion won) in the United States.
Trump stated, “South Korea has agreed to fully open its market to trade with the U.S., including accepting American-made automobiles, trucks, and agricultural products.”
While the market is still assessing the sector-by-sector impact of the deal, shipbuilding stocks are outperforming on confirmation that 150 billion dollars of the 350 billion-dollar investment fund will be allocated to Korea-U.S. cooperation in the shipbuilding industry.
Kim Yong-beom, Chief Presidential Policy Secretary, said, “The 150 billion-dollar Korea-U.S. shipbuilding cooperation fund will cover a wide range of initiatives including shipbuilding, MRO (maintenance, repair, and overhaul), and marine equipment, supporting the broader shipbuilding industry ecosystem.”
*[KOSPI] Hanwha Ocean(042660) is a comprehensive shipbuilding and marine specialized company that constructs various types of vessels such as LNG carriers, tankers, container ships, and LPG carriers, as well as special-purpose vessels including submarines, destroyers, rescue vessels, and patrol boats. Market capitalization is 30.475 trillion won (as of July 30, 2025, closing price).
*[KOSPI] HD Hyundai Heavy Industries(329180) engages in the manufacture and sale of ships, marine structures, plants, and engines, with the shipbuilding industry accounting for over 60% of its revenue. The market capitalization is 41.942 trillion won (as of July 30, 2025, closing price).
Corporate Logo(source: hanwhaocean.com)
On July 31, Shipbuilding stocks rallied in early trading following the conclusion of Korea-U.S. trade negotiations, with the sector seen as a key beneficiary of the agreement.
As of 9:15 a.m., shares of Hanwha Ocean (042660) were trading at 105,100 won, up 6.16% from the previous session on the KOSPI market.
HD Hyundai Heavy Industries (329180) rose 2.44%, HJ Shipbuilding & Construction (097230) gained 1.26%, and HD Korea Shipbuilding & Offshore Engineering (009540) climbed 0.99%.
Earlier, U.S. President Donald Trump announced at the White House that following a meeting with South Korea’s trade delegation, the U.S. agreed to lower its reciprocal tariff on South Korean imports from 25% to 15%—a level equivalent to that applied to Japan and the European Union—in exchange for a commitment from South Korea to invest 350 billion dollars (approximately 487 trillion won) in the United States.
Trump stated, “South Korea has agreed to fully open its market to trade with the U.S., including accepting American-made automobiles, trucks, and agricultural products.”
While the market is still assessing the sector-by-sector impact of the deal, shipbuilding stocks are outperforming on confirmation that 150 billion dollars of the 350 billion-dollar investment fund will be allocated to Korea-U.S. cooperation in the shipbuilding industry.
Kim Yong-beom, Chief Presidential Policy Secretary, said, “The 150 billion-dollar Korea-U.S. shipbuilding cooperation fund will cover a wide range of initiatives including shipbuilding, MRO (maintenance, repair, and overhaul), and marine equipment, supporting the broader shipbuilding industry ecosystem.”
*[KOSPI] Hanwha Ocean(042660) is a comprehensive shipbuilding and marine specialized company that constructs various types of vessels such as LNG carriers, tankers, container ships, and LPG carriers, as well as special-purpose vessels including submarines, destroyers, rescue vessels, and patrol boats. Market capitalization is 30.475 trillion won (as of July 30, 2025, closing price).
*[KOSPI] HD Hyundai Heavy Industries(329180) engages in the manufacture and sale of ships, marine structures, plants, and engines, with the shipbuilding industry accounting for over 60% of its revenue. The market capitalization is 41.942 trillion won (as of July 30, 2025, closing price).