[Market Focus] HD Hyundai Surges Over 8% on Hopes for South Korea-U.S. Shipbuilding Cooperation

HD Hyundai is showing strong performance on July 8. This appears to be due to increased investor sentiment following the decision by South Korea and the United States to engage in close coordination for cooperation in the shipbuilding industry.

As of 10:15 a.m. on this day, HD Hyundai is trading at 1,338,000 won, up 106,000 won (8.60%) from the previous trading day.

Wi Sunglak, Director of National Security at the Presidential Office, who is currently visiting the United States, stated on July 7 (local time) that, regarding South Korea-U.S. cooperation in the shipbuilding sector, both sides have agreed to pursue close coordination in this field. He explained that bringing together the capabilities of various sectors, including government and industry, is key to deriving practical and mutually beneficial cooperation measures.

Previously, U.S. President Donald Trump had declared the "revival of the U.S. shipbuilding industry." In response, the South Korean government proposed cooperation in shipbuilding to the United States as an incentive for tariff exemptions and reductions, and it appears that the U.S. government has responded positively to this offer.

As expectations for the shipbuilding industry rise, most shipbuilding-related stocks, including HD Hyundai, are increasing on this day. HD Korea Shipbuilding & Offshore Engineering (1.51%), Samsung Heavy Industries (7.40%), HD Hyundai Mipo (2.29%), Hanwha Ocean (4.06%), HJ Shipbuilding & Construction (2.32%), and HD Hyundai Heavy Industries (2.91%) are all on the rise.