With the conclusion of U.S.-South Korea trade negotiations and the emergence of the 'Make American Shipbuilding Great Again' (MASGA) project, Hanwha Ocean's stock price is showing strength on the 1st.

On July 31, as the negotiations for the Korea-U.S. trade agreement centered on lowering tariffs on exports and investing in the shipbuilding industry were concluded, a citizen looks at the large crane at Hanwha Ocean's Geoje plant beyond the residential complex in Aju-dong, Geoje City, Gyeongnam. /Courtesy of News1

According to the Korea Exchange, as of 9:18 a.m. that day, Hanwha Ocean was trading at 113,600 won, up 1,300 won (1.16%) from the previous trading day. In the early part of the session, the stock price rose to 117,000 won, hitting a new one-year high. Hanwha Ocean also set a new one-year high the day before.

Investors are paying attention to the MASGA project proposed by the government to the U.S. government. The project aims to revive the stagnant U.S. shipbuilding industry with world-class shipbuilding technology from Korea. While the scale is $150 billion and details have not been disclosed, there is a high possibility that a shipbuilding cooperation fund will be established, leading to significant benefits for shipbuilding stocks.

Kim Yong-min, a researcher at Yuanta Securities Korea, noted, 'Local shipyards in the U.S., including the shipyard acquired by Hanwha, urgently need large-scale capital investment due to aging facilities, and support from state-owned banks could accelerate the modernization of these aging shipyards.'

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