dailypro2020

I think the fact that the line started forming before the market opened tells you something about the mood right now. Not for a concert or a new iPhone, for a government-backed equity fund. South Korea's National Participation Growth Fund launched on May 22 and sold out in 10 minutes at Mirae Asset Securities, the lead distributor. KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup all exhausted their allocations, both online and branch channels, within the morning session. My view is the structure is clever from a policy design standpoint. Retail investors put up 600 billion won. The government kicks in 120 billion won as a first-loss buffer, meaning the state absorbs the first 20% of any losses before retail capital takes a hit. The combined 720 billion won flows into a master fund that allocates across 10 sub-funds targeting semiconductors, secondary batteries, biotech, and robotics, Korea's designated strategic industries. Investors can contribute up to 100 million won ...

I think South Korean shipyards are in the middle of something that has not happened since the mid-2000s. Global shipbuilding has entered a full-scale supercycle, and Korean yards are capturing roughly 60% of the LNG carrier market — the most valuable segment — and more than 40% of all global newbuilding orders by compensated gross tonnage. The country's Big 3 — HD Korea Shipbuilding & Offshore Engineering , Hanwha Ocean , and Samsung Heavy Industries — have booked combined orders worth $19.16 billion (approximately 28 trillion won) so far in 2026. That is already 53% of their combined full-year 2025 total, achieved in less than five months. Between March and May 15 alone, Korean yards collectively won 97 ships, a 51.6% surge from the 64 ships won in the same period a year earlier. Including mid-sized yards — Daehan Shipbuilding (13 ships), K-Shipbuilding (4 ships), and HJ Shipbuilding (2 ships) — the industry-wide tally approaches 115 vessels. The last time the Korean shipbu...