The market value of Korea's four largest shipyards, Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Hyundai Mipo Dockyard, has dropped USD 14.4 billion in 2014 alone, corresponding to a total average decline in stock prices of around 36 percent, according to Business Korea.
This development has happened alongside, and is attributed to foreign investors divesting their stakes at a time when all four yards are experiencing a shortage of new orders following the recent years of high activity caused by rock-bottom prices.
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