Hyundai Heavy Industries (HHI) could be about to win a vital deal for its offshore business.
Korea Economic Daily reported that it was likely to clinch a floating production unit order worth $500m from US oil company LLOG.
This would be its first offshore plant contract since 2014.
It stock was up 5% in Seoul on the news.
HHI chief executive Kang Hwan-goo has previously warned that the company may not keep the offshore business unless employees make “sacrifices and concessions”.
