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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

Hyundai Heavy posts drop in May sales

By Korea Herald

Published : June 17, 2016 - 17:08

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[THE INVESTOR] Hyundai Heavy Industries posted May sales of 1.64 trillion won (US$ 1.4 billion), down 13.96 percent compared to the same month last year.

For the year so far, Hyundai Heavy’s sales came in at just under 9 trillion won, down 16.48 percent compared to the same period last year.

Hyundai Heavy, the country’s largest shipbuilder, has been plagued by falling orders and rising costs, pushing it to draw up tough revival plans.

Hyundai Heavy shares closed at 104,000 won, down 0.95 percent from the previous day.

By Choi He-suk (cheesuk@heraldcorp.com)

Korea Herald
Korea Herald
Articles by Korea Herald

Hyundai Heavy posts drop in May sales

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