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Solid Results Expected In South Korean Shipbuilding Sector In 2019 - FKI

Logistic News - Published on Wed, 19 Jun 2019

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Federation of Korean Industries said that South Korean shipbuilders and carmakers are set to report improved earnings this year on rising demand for high-end ships and SUVs. Shipbuilders will benefit from rising demand for liquefied natural gas carriers and environment-friendly ships due to the International Maritime Organization’s stricter emissions regulations. Carmakers are also expected to report an improved profitability on a weak won and robust sales of SUV models. But steelmakers and semiconductors won’t likely report any meaningful rebound in business results due to rising costs and a slump in demand,.

FKI Secretary General Bae Sang-kun, said that “The country’s mainstay manufacturing industries face a worsening business environment due to an escalating trade war between the United States and China, and rising labor costs.”

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Posted By : Mohan Sharma on Wed, 19 Jun 2019
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