Marine Link
Friday, December 13, 2024

Japan's Quake May Boost Korean Industry

Maritime Activity Reports, Inc.

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

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week