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S Korea's 20t won stimulus plan lifts builders from 11-year lows

Monday, July 11, 2016 - 05:50
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The government sees the stimulus adding 0.2 to 0.3 percentage point to growth this year, a welcome boost for the economy.

Seoul

A 20 TRILLION won (S$23 billion) stimulus boost couldn't have come at a better time for Korean builder stocks languishing near 11-year lows.

Hyundai Development Co Engineering & Construction and GS Engineering & Construction Corp rose 3 per cent or more on June 28