Korean Shipbuilders May Jump 80% in Four Months, Mirae Says

South Korean shipbuilding stocks may jump as much as 80 percent in four months as they catch up with gains in oil prices, according to Mirae Asset Securities Co., an affiliate of the nation’s second-largest money manager.

The Korea KRX Shipbuilding Index, which tracks Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and eight other shipbuilding stocks, may rebound as rising oil prices spur demand for drill ships and liquefied natural gas tankers, said Lee Sokje, a Seoul-based Mirae analyst. The index has tumbled 42 percent since reaching the highest this year on May 2.