South Korea’s Top Shipbuilders Post Strong Q3 Profits Amid Challenges

Amid adverse factors such as exchange rate declines, reduced working days, and labor-management conflicts, South Korea’s three major shipbuilders achieved relatively robust performance in the third quarter of this year.

Samsung Heavy Industries announced on the 29th that its operating profit for the quarter increased by 42% compared to the same period last year.

Combined, the three shipbuilders’ operating profits increased by 35% compared to the same period last year.