25/09/2014at 10:36

Korea's four largest yards lose significant market value

Korea's four largest shipyards have lost 36 percent of their market value in 2014 alone, as foreign investors are divesting their stakes.

BY OLE ANDERSEN

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.

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