Most Popular
-
1
Who's lying? Hybe vs. Min conflict continues to intensify
-
2
Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
-
3
Most teen sex offenders get away with slap on wrist
-
4
Ex-Trump official calls for S. Korea to raise defense spending to 3 or 3.5% of GDP
-
5
Man sentenced to 1 year, 8 months for stealing from elementary school classrooms
-
6
Same-sex couple denied insurance clearance despite landmark ruling
-
7
Panmunjom tours for select Korean nationals may resume in October
-
8
Young Poong says no better offer for Korea Zinc
-
9
Korea's first global webtoon festival lights up Seongsu-dong
-
10
FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
Shipbuilding-related companies in South Korea suffered an operating loss of 6.5 trillion won ($5.5 billion) last year, up 60 percent from a year earlier, industry data showed Tuesday.
The nation’s top three shipyards -- Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries -- accounting for about 90 percent of the nation’s top 100 shipbuilders, logged 6.4 trillion won of operating losses, said the Korea 20000 Corporate Research Institute,
The nation’s top three shipyards -- Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries -- accounting for about 90 percent of the nation’s top 100 shipbuilders, logged 6.4 trillion won of operating losses, said the Korea 20000 Corporate Research Institute,
The combined sales of the 100 firms edged down 1.5 percent on-year to 65.64 trillion won last year.
Industry watchers said the losses came as those major players struggled with mounting costs stemming from a delay in the construction of offshore facilities and a drop in new orders,
Among the surveyed firms, SPP Shipbuilding posted the largest operating income of 57.4 billion won last year on the back of efforts to cut costs.
The three biggest shipyards racked up a combined net loss of 7.7 trillion won last year, marking the first time that all three of the nation’s largest industry players registered losses.
(khnews@heraldcorp.com)
-
Articles by Korea Herald
![[What to see] Gallery-hopping: From Korean abstract art pioneer to Urs Fischer](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/09/27/20240927050707_0.jpg&u=)
