South Korean shipbuilders enjoy jump in new orders

Samsung and KSOE shares soar after megadeals point to end of slump

20210330 Hyundai Heavy Industries' Shipyard in Ulsan

A Hyundai Heavy Industries shipyard in Ulsan, South Korea: Investors are increasingly bullish on the country's shipbuilders as they announce a slew of new orders. © Reuters

KIM JAEWON, Nikkei staff writer

SEOUL -- Things are looking up for South Korea's shipbuilders after a prolonged slump, as new orders pour in and global trade gets a boost from government stimulus-induced consumer demand during the coronavirus pandemic.

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