Japan's Quake May Boost Korean Industry

Friday, March 25, 2011

 According to a report from Bloomberg, with the prospect of less competition from Japan due to the earthquake and tsunami that hit the country, and increased demand when the Japanese start rebuilding, business looks better for the Koreans. Posco's share price jumped 10 percent in ten days of trading after the earthquake; Hyundai Steel, Korea's No. 2 producer after Posco, was up 11 percent.

Source: Bloomberg

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