Hyundai Heavy to Post Record Sales in 2007

Rising oil prices, coupled with the strong value of the local currency against the U.S. dollar, are taking a toll on the economy, casting a pall over a number of exporters.

However, Hyundai Heavy Industries Group (HHIG), which consists of Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries, has emerged as a big winner in the latest shipbuilding boom.