[Asia Economy Reporter Hyungsoo Park] SWI is showing strong performance. As interest in the reconstruction of Ukraine grows, it appears to be influencing SWI's stock price. SWI and its affiliates are producing modular houses together.
As of 3:06 PM on the 13th, SWI is trading at 3,550 KRW, up 12.16% compared to the previous trading day.
Daemo surged to the upper price limit, and Hyundai Everdigm is also up more than 27%.
The World Bank (WB), the Ukrainian government, and the European Union (EU) Commission jointly released an assessment report on their website on the 9th.
According to the report, the physical damage in Ukraine from Russia's invasion on February 24 until June 1 is estimated at $97 billion (approximately 134 trillion KRW). Particularly, damages in housing, transportation, commercial, and industrial sectors were significant. Economic losses during the same period reached $252 billion (approximately 349 trillion KRW).
As the war is lasting longer than expected, Ukraine is in urgent need of repairs for schools, housing, and heating to prepare for the upcoming winter, with recovery costs estimated at $105 billion (approximately 145 trillion KRW). Post-war reconstruction costs are estimated to reach $349 billion (approximately 483 trillion KRW).
Ukrainian President Volodymyr Zelensky officially announced the recapture of some southeastern regions of Ukraine that had been taken by Russia. In a video message, President Zelensky said, "From early September until today, our military has liberated more than 6,000 km² of Ukrainian territory in the south and east," adding, "Our military advances continue."
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