Shipbuilding stocks are also starting this week on an upward trend. In particular, stocks related to engines, a key component of vessels, are showing strength.
As of 9:20 a.m. on the 28th, STX Engine is trading at 26,450 won, up 2,850 won (12.08%) from the previous trading day. Hanwha Engine is up 5.52% at 28,650 won, and HD Hyundai Marine Engine is up 3.4% at 38,000 won.
In the shipbuilding sector, stocks have recently garnered attention as a "tariff-free" zone amid uncertainty surrounding U.S. tariff policies. Hanwha Engine received contracts worth over 1 trillion won in the first quarter alone, and STX Engine is supplying marine engines to Hungary's Hungli Industrial, which ranks fourth in orders. HD Hyundai Marine Engine has also started improving its performance as it began to absorb the volume of affiliates since joining HD Hyundai Group.
Growth is also expected in the defense sector. On the 24th, it was reported that Secretary of the Navy John Fallon would visit Korea on the 30th. Expectations for cooperation in the shipbuilding sector between the two countries are also rising. This schedule marks the first ministerial visit to Korea under the second Trump administration.