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

Nov. 11 (Bloomberg) -- 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.

Link to Company News:{044490 KS <Equity> CN <GO>}

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

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