[Special Stock] Hanwha Falls 4% on News of Acquiring Daewoo Shipbuilding & Marine Engineering

[Asia Economy Reporter Kwon Jae-hee] Hanwha Group's stock price is falling by over 4% in early trading following news of its acquisition of Daewoo Shipbuilding & Marine Engineering.

As of 9:45 AM on the 26th, Hanwha's stock price is trading at 26,300 KRW, down 4.01% compared to the previous trading day.

On the same day, the Ministry of Economy and Finance, the Ministry of Trade, Industry and Energy, and the Financial Services Commission held a meeting of the Ministers for Strengthening Industrial Competitiveness at the Export-Import Bank in Yeouido to discuss measures for Daewoo Shipbuilding & Marine Engineering. It is reported that at this meeting, Kang Seok-hoon, chairman of the Korea Development Bank, presented a plan for handling Daewoo Shipbuilding, including the option to sell it to Hanwha Group.

At the same time, Daewoo Shipbuilding & Marine Engineering's stock price is trading at 21,700 KRW, down 1.36% compared to the previous trading day.