SEJONG, South Korea: South Korea hopes its infrastructure companies will benefit from the country joining the China-backed Asian Infrastructure Investment Bank (AIIB), the finance ministry said.
Shares in some South Korean iron and steel products makers rose sharply, partly on hopes for new orders when the AIIB is operational and funding infrastructure projects, which is likely next year. Histeel Co rose 14.8% and Hanil Iron & Steel was up about 6% by the afternoon.
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