[Special Stock] "Will Spend a Lot on Joseon" Trump’s Remark Boosts Joseon Stocks

U.S. President Donald Trump hinted that during the rebuilding period of the U.S. shipbuilding industry, ships could be purchased from countries close to the U.S., leading to a surge in shipbuilding-related stocks on the 11th.

As of 9:30 a.m. that day, Hyundai HIMS was trading at 17,650 KRW, up 4,070 KRW (29.97%) from the previous trading day. In addition, shipbuilding equipment-related stocks such as HD Hyundai Marine Engine (9.24%), STX Engine (8.11%), Hanwha Engine (4.61%), and HD Hyundai Marine Solution (3.45%) were also strong.

Shipbuilding stocks are also in the red zone. HJ Heavy Industries was trading at 8,090 KRW, up 1,210 KRW (17.59%) from the previous trading day. HD Hyundai Heavy Industries (4.17%), HD Hyundai Mipo (3.33%), Hanwha Ocean (2.74%), and Samsung Heavy Industries (2.22%) were also on the rise.

On the 10th (local time), President Trump, presiding over a cabinet meeting at the White House, said, "We will rebuild the shipbuilding industry," adding, "We may have to request funds from Congress (for ship purchases), but we could also buy ships from other countries that are close to us and have excellent shipbuilding performance."

Since South Korea leads the world in shipbuilding competitiveness, President Trump's remarks are expected to act as a positive factor for the Korean shipbuilding industry.