Korean shipbuilders are poised for a robust decade of new ship demand, with forecasts indicating a total addressable market of 599 million dwt by 2030 and 954 million dwt by 2035, driven by an aging fleet and geopolitical factors. Despite potential downturns in 2027-28 due to capacity additions, strong order momentum and rising ship prices are expected to yield above-normal returns, with operating profit margins projected to peak at 13.7% in 2028. The sector's longevity and adherence to new regulations will be crucial for maintaining share price performance.