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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.
Italian shipbuilder T. Mariotti has secured a contract to construct a new ultra-luxury cruise vessel. The ship will accommodate 100 passengers and is being built for Neptune Co.
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产业部长金正宽于3月5日启程前往加拿大，以支持韩国财团竞标该国巡逻潜艇项目。该交易涉及采购多达12艘潜艇，总项目价值约60万亿韩元（414-430亿美元），韩国集团与德国蒂森克虏伯海洋系统公司并列为两家决赛入围者之一。该部长表示，如果合同被拆分，韩国在加拿大的投资可能减少。
The chief of U.S. naval operations, Adm. Daryl Caudle, visited the shipyards of South Korea's leading shipbuilders HD Hyundai Heavy Industries and Hanwha Ocean to discuss shipbuilding cooperation between Seoul and Washington. The visit focused on advancing the Make American Shipbuilding Great Again (MASGA) initiative. It is expected to accelerate talks on technological cooperation and supply-chain integration.
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The Japan Fair Trade Commission plans to approve mergers and acquisitions among domestic shipbuilders and joint procurement of critical raw materials to strengthen economic security. With China in mind, it will also permit information sharing among companies receiving overseas acquisition proposals. The move aims to boost Japanese firms' international competitiveness and prevent technology leaks.