Samsung Heavy Industries LNG carriers 1units 3,855billion won in orders · sharp exchange-rate surge · reduced foreign ownership

Samsung Heavy Industries announced that it had won an order for LNG carriers in 6 month on 8 day. 1The contract is worth 3,855billion won. The company said this order brought it to 61% of its annual order target.

Reports that major global investors were reducing their exposure to Korean stocks continued on 6 month 8 day. The reports said that several funds were lowering Korea's weighting in their portfolios. Rather than naming specific funds, the reports focused on the move to reduce the weighting.

The won-dollar exchange rate rose to its highest level since the financial crisis. The reports said that an assessment had emerged that, as the exchange rate had surged sharply in a short period, it would be difficult for it to quickly return to its previous level. The expansion of exchange-rate volatility was a fact confirmed among market participants.

Koo Yoon-cheol said that 6month 7day, speculation had increased exchange-rate volatility. He said he would enhance transparency in the NDF (non-deliverable forward) market. He said specific measures would be disclosed later.

The Hyundai Research Institute assessed that on 6month 7day, the economy had entered a recovery phase due to the semiconductor boom. The institute said there were also concerns about polarization among industries as the recovery progressed. It pointed out that the semiconductor industry's recovery was leading the overall recovery.

News of orders, a sharp rise in the exchange rate, reports of a reduced foreign ownership ratio, and remarks by the government and policy authorities emerged around the same time that day. Each report conveyed separate facts, while company disclosures and policy announcements were slated for further disclosure later. Investors need to check company disclosures and policy announcements to help inform their decisions.