Many people do not realize that South Korea is the largest shipbuilding country where the industry's metal is currently supplied by POSCO. Sam-Sung Electronics had more sales in year 2009 than the top 15 electronic companies in Japan (including Panasonic, NEC, Sharp, etc.) combined. In early this year, the Korea Electric Power Corp. won the $400 billion order from United Arab Emirates. POSCO has to secure the iron (Fe) not only to automobile industry but also to supply the demand on construction, shipbuilding, newclear power plants in domestic and world-wide. Some parts of the world on this planet, things are moving faster than the speed of bullet while we enjoy the Montreal Canadian's hockey games, the effects of the recession and lose our money at Casinorama.

Whoever buys the Mappie properties in the bidding, once sold, FNC may not need financing for more than 20+plus years, IMO.

Jan. 13 (Bloomberg) -- South Korea, which won its first overseas order to build a nuclear power plant in December, aims to secure $400 billion of contracts by 2030 as demand for atomic energy increases.

The nation plans to get orders to build 80 nuclear plants by then and control 20 percent of the global market share, the Ministry of Knowledge Economy said in an e-mailed statement today. South Korea will become the world’s third-largest nuclear plant exporter, according to the ministry.

State-run Korea Electric Power Corp. led a group that beat Areva SA, the world’s biggest nuclear power plant builder, and General Electric Co. in winning an order from the United Arab Emirates, the first awarded by a Gulf Arab nation. France, the U.S., Canada, Japan and Russia are currently the biggest exporters of atomic generators.

May 3 (Bloomberg) -- Korea Electric Power Corp., South Korea’s biggest electricity producer, and Posco agreed to cooperate in developing metal products used in nuclear power plants.

POSCO have pursued investment opportunities in other developing countries such as Vietnam and Mexico. It was announced in August 2006 that POSCO will build a large-scale steel mill in southern Vietnam. POSCO plans to build the US$1 billion plant in two phases for hot-rolled and cold-rolled products by 2012. When completed, the mill is expected to produce three-million tons of steel products annually. Posco also plans to build a $250 million plant in the city of Altamira, Mexico, to produce 400,000 tons of galvanized steel sheet a year for automakers . The venture will be Posco's first wholly owned steel-plate plant in North America. Posco plans to begin construction in early 2008, and start operations in 2009, producing galvanized and galvannealed steel.

The global shipbuilding industry is currently dominated by South Korea, which is by far the world's largest shipbuilding nation. In spite of high labour costs, South Korea produced more ships in 2008 than the entire rest of the world's combined output. Its preeminence in the industry is largely due to South Korea's highly advanced shipbuilding technology, the strong work ethic of the labor force and the high productivity and efficiency of South Korean shipyards.

For example, the world's largest shipyard in Ulsan, operated by Hyundai Heavy Industries, slips a newly-built, $80 million dollar vessel into the water every four working days.South Korea's "big three" shipbuilders, Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering, dominate global shipbuilding, with STX Shipbuilding, Hyundai Samho Heavy Industries, Hanjin Heavy Industries, and Sungdong Shipbuilding & Marine Engineering also ranking among the top ten shipbuilders in the world. In 2007, STX Shipbuilding further strengthened South Korea's dominant position in the industry by acquiring Aker Yards, the largest shipbuilding group in Europe. (The former Aker Yards was renamed STX Europe in 2008).

China is a fast emerging shipbuilder that is poised to overtake South Korea in the future, although its current production is limited mainly to low-cost, basic vessels. Japan lost its leading position in the industry to South Korea in 2004, and its market share has since fallen sharply. The entire European countries' total market share has fallen to only a tenth of South Korea's, and the outputs of the United States and other countries have become negligible. Military shipbuilding is still dominated by US and European companies.