South Korean Capital Goods Undervalued based on future growth

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩24.8t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

LG

Market Cap: ₩11.5t

Through its subsidiaries, operates in the electronics, chemicals, and communication and services industries.

LS

Market Cap: ₩4.7t

Engages in electric power, automation, machinery, materials, and energy businesses in South Korea and internationally.

GS Holdings

Market Cap: ₩4.5t

Together its subsidiaries, engages in the energy, power generation, retail, service, construction, and infrastructure businesses.

Hyundai Elevator

Market Cap: ₩3.0t

Designs, manufactures, installs, maintains, and modernizes elevators in South Korea and internationally.

GS Engineering & Construction

Market Cap: ₩2.0t

Engages in the civil works and architectural construction, construction and sale of new houses, repairs and maintenance, general construction, and technology consultation activities in South Korea and internationally.

DL E&CLtd

Market Cap: ₩1.9t

A construction company, provides engineering, procurement, and construction solutions in South Korea.

HD Hyundai Infracore

Market Cap: ₩1.9t

Engages in the manufacture and sale of industrial machinery and equipment in Korea, North America, Asia, Europe, and internationally.

Daewoo Engineering & Construction

Market Cap: ₩1.8t

Daewoo Engineering & Construction Co., Ltd.

HDC Hyundai Development

Market Cap: ₩1.6t

Operates as a financial real estate company, provides real estate services primarily in South Korea.

HD Hyundai Construction Equipment

Market Cap: ₩1.2t

HD Hyundai Construction Equipment Co.,Ltd.

LX International

Market Cap: ₩1.0t

Engages in the trading business in Korea and internationally.

SNT Energy

Market Cap: ₩829.0b

Operates in the machinery industry.

People & Technology

Market Cap: ₩788.4b

Offers coating, calendaring, slitting, automation, and other machineries.

LX Holdings

Market Cap: ₩703.8b

Through its subsidiaries, engages in the energy, palm, living resources, logistics, living space, silicon works, and materials and solutions businesses.

Korea Electric Terminal

Market Cap: ₩665.3b

Manufactures and sells parts for automotive and electronics in South Korea and internationally.

Soosan Industries

Market Cap: ₩365.9b

Provides power plant construction and maintenance services in South Korea.

LX Hausys

Market Cap: ₩307.1b

Manufactures and sells building materials in South Korea and internationally.

Aluko

Market Cap: ₩227.6b

Manufactures and sells aluminum products in South Korea and internationally.

HL D&I Halla

Market Cap: ₩225.1b

HL D&I Halla Corporation undertakes various construction projects in South Korea and internationally.

HanmiGlobal

Market Cap: ₩174.6b

Provides construction project management services in South Korea and internationally.

AJ NetworksLtd

Market Cap: ₩174.1b

Provides rental services for logistics pallets, IT equipment, and construction equipment in South Korea.

Shin Heung Energy & ElectronicsLtd

Market Cap: ₩152.7b

Engages in the manufacturing and sale of parts and facilities for the secondary battery markets in South Korea and internationally.

COWINTECH

Market Cap: ₩136.1b

Engages in the manufacture and installation of equipment for automation.

GnBS ecoLtd

Market Cap: ₩123.2b

Designs, produces, and sells products for preventing environmental pollution in South Korea.

Korea Parts & FastenersLtd

Market Cap: ₩91.0b

Manufactures and sells fasteners and automotive parts in South Korea and internationally.