Taewoong Gains 15% on South Korea’s Offshore Wind Farm Plan

Taewoong Co., a maker of parts for wind-power plants, rose as much as 15 percent in Seoul trading after South Korea’s energy ministry said the nation’s companies plan to spend 10.2 trillion won to build a wind farm off the southwest coast by 2019. Taewoong traded at 36,650 won as of 9:01 a.m. on the Korea Exchange. The benchmark Kospi Index rose 1.4 percent.

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Seyoon Kim at skim7@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.