Schiffbau
Seoul stocks hit record high then rebound on defense, shipbuilding gains
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Seoul's stock market set a new record high on January 8 driven by strong defense and shipbuilding stocks, then dipped early on January 9 before rebounding later in the morning. The KOSPI index closed at 4,552.37 on the 8th, its all-time high, and rose 0.3 percent to 4,565.88 by 11:20 a.m. on the 9th. Institutional and individual buying offset foreign selling to support the market.
South Korea's government is launching a special guarantee program to provide up to 400 billion won ($272.4 million) in financing support to enhance the shipbuilding industry's export competitiveness. The initiative targets small and medium-sized suppliers of HD Hyundai Heavy Industries with low-interest loans. K-SURE, HD Hyundai, and Hana Bank signed a cooperation agreement in Ulsan on Friday.
Von KI berichtet
The chief of South Korea's state arms procurement agency cited legality as the main reason for changing the bidding process on a multi-trillion-won contract to build advanced homegrown destroyers. The Defense Project Promotion Committee unanimously decided to select the winner for the estimated 7 trillion-won ($5 billion) project to build six destroyers through competitive bidding. The landmark initiative, delayed by a legal feud between rival shipbuilders, aims for delivery to the Navy by the end of 2032.
Japan und die Vereinigten Staaten planen, während des Besuchs von US-Präsident Donald Trump, der am Montag beginnt, ein Memorandum zur Verbesserung der Schiffbaukapazitäten zu unterzeichnen. Die Vereinbarung zielt darauf ab, Chinas Dominanz in diesem Sektor zu kontern und die nationale Sicherheit zu stärken.