[Edaily Reporter Park Soon-yeop] Hanwha Ocean is surging on the Aftermarket, an alternative trading system. This comes as reports emerged that Hanwha Ocean received a higher evaluation score than HD Hyundai Heavy Industries in the selection process for the detailed design and lead ship construction of the Korean Next-Generation Destroyer (KDDX).
According to the alternative trading system (ATS) Nextrade (NXT) on the 11th, #HanwhaOcean was trading at 123,800 won on the after-market at 5:59 p.m. that day, up 13,600 won (12.34%) from the previous trading day. In regular trading, the stock closed at 104,500 won, down 5,700 won (5.17%) from the previous trading day.

According to the government and the defense industry, the Defense Acquisition Program Administration (DAPA) notified Hanwha Ocean and HD Hyundai Heavy Industries of the evaluation results for the KDDX detailed design and lead ship construction project proposal earlier today. It was reported that Hanwha Ocean narrowly led in the evaluation.
It appears that the security penalty applied to HD Hyundai Heavy Industries served as a key variable in this evaluation. HD Hyundai Heavy Industries is currently subject to a 1.2-point security penalty until December of this year following a guilty verdict for leaking military secrets related to the KDDX project. A request for a preliminary injunction to suspend the application of the penalty was also rejected on the 5th of this month.
The defense industry believes that while HD Hyundai Heavy Industries led in the technical capability evaluation, Hanwha Ocean held a lead of approximately 0.6 points in the final score after the security penalty was applied.
The Defense Acquisition Program Administration (DAPA) plans to select the preferred bidder as early as the beginning of next month, following subsequent procedures such as requests for post-evaluation explanations and appeals. The agency aims to sign the contract by the end of next month after further negotiations.
The KDDX project involves investing a total of 7.8 trillion won to build six 6,000-ton mini Aegis destroyers using domestic technology. The market is paying close attention to the fact that the company selected to build the lead ship is likely to secure a leading position in future follow-on shipbuilding projects as well.