Thanks to the U.S.-Korea shipbuilding cooperation support project, 'Making American Shipbuilding Great Again' (MASGA), shipbuilding stocks have been on the rise for days.
Hanwha Ocean shares were traded at 120,400 won in the KOSPI market at 9:09 a.m. on the 2nd. The stock price rose by 3.44% (4,000 won) from the previous day. In the early trading session, the stock price jumped to 121,600 won, setting a new all-time high.
Other shipbuilding stocks, including Samsung Heavy Industries and HD Hyundai Heavy Industries, are also on the rise. Companies in shipbuilding parts and equipment, such as STX Engine, S&SYS, and KSP, are also strong.
Expectations that the domestic shipbuilding industry will secure profitable contracts through the MASGA project appear to have stimulated investor sentiment.
In the budget proposal for 2026 released the day before, the Ministry of Trade, Industry and Energy announced an expansion of the budget for the shipbuilding sector.
In particular, 600.5 billion won was allocated from the Trade Insurance Corporation grants. This year's budget of 80 billion won increased 65-fold. As it can provide guarantees up to 20 times the normal fund level, it is expected to support approximately 12 trillion won in new investments.