Seoul, Jan 25 (IANS) Foreign ownership of South Korean stocks as a share of total market capitalisation reached its highest level in five years and nine months in January, driven by net purchases in the shipbuilding, defence and nuclear power industries, the main bourse operator said on Sunday.Foreigners’ stock holdings rose to 37.18 per cent of total market capitalisation on January 7, the highest level since April 9, 2020, when the rate was at 37.34 percent, according to data from the Korea Ex…
Latest Shipbuilding News & Updates
Washington, Dec 23 (IANS) US President Donald Trump signalled an aggressive push to accelerate the production of warships and military aircraft, saying the United States can no longer afford decade-long timelines to deliver critical defence platforms amid rising global security pressures.Speaking at a Mar-a-Lago news conference alongside Defence Secretary Pete Hegseth, Secretary of State Marco Rubio and Navy Secretary John Phelan, Trump said his administration would press defence contractors to …
Washington, Dec 23 (IANS) US Secretary of War Pete Hegseth signalled a sharp cultural and ideological shift within the Pentagon, saying the Trump administration is restoring a “warrior ethos” and moving away from what he described as political correctness in the US military.Speaking at a Mar-a-Lago news conference on Monday with President Donald Trump and senior national security officials, Hegseth said the Department of Defence is refocusing on merit, readiness and deterrence as it rebuilds…
Washington, Dec 23 (IANS) US President Donald Trump unveiled plans to begin construction of a new class of massive battleships as part of a broader effort to rebuild US shipbuilding capacity, strengthen deterrence, and restore what he described as American military supremacy.“Today, I get the great honor to announce that I have approved a plan for the Navy to begin the construction of two — the largest we’ve ever built — battleships,” Trump said at a Mar-a-Lago news conference on Monda…