SEOUL -- The three largest shipbuilders in South Korea have reported annual earnings that improved from a year earlier, thanks to the reduction of nonprofitable orders dating back to a leaner period.
Domestic leader HD Korea Shipbuilding & Offshore Engineering notched its first operating profit in three years in 2023, swinging to earnings of 282.3 billion won ($212.6 million) from a 356 billion won loss in 2022.
