Korea Hot Stocks-Shipbuilders,Korea Zinc, Doosan, Ssangyong E&C

SEOUL, Feb 15 (Reuters) - Stocks on the move on Friday include:

As of 0218 GMT, the main KOSPI was down 1.12 percent at 1,678.48 points, with financials such as Kookmin Bank and exporters weaker after fresh credit market and economic growth worries hit Wall Street.

The index opened 1.48 percent lower at 1,672.39 points.

**SHIPBUILDERS EXTEND GAINS ON STRONG ORDER FLOW**

Shares in shipbuilders gained after Hyundai Heavy's $652.9 million order announced on Friday -- the latest in a series of recent orders -- helped ease worries that a slowing global economy would hurt order growth.

Hyundai Heavy Industries Co Ltd (009540.KS) rose 1.09 percent to 370,000 won, while Daewoo Shipbuilding and Marine Engineering Co Ltd (042660.KS) was up 2.85 percent to 36,100 won.

The world's top ship builder said earlier on Friday it had secured a 617.2 billion won order from a unnamed Liberian company to build a drillship. [ID:nSEL000306].

"Hyundai Heavy's order announced on Friday boosted confidence in the sector's outlook," said Lee Jae-won, an analyst at Tongyang Securities.

"High shipping rates are also having a good effect on shipbuilders' shares."

0218 GMT

**KOREA ZINC RISES ON ZINC PRICE OUTLOOK**

Shares in Korea Zinc (010130.KS), the world's biggest refiner of zinc, advanced 3.54 percent to 131,500 won on rising zinc prices, while analysts said the recent rally in zinc prices is likely to be sustained for a while.

"Korea Zinc is benefiting from recent increases in zinc prices," said Choi Ji-seon, an analyst at Kyobo Securities.

"Besides, there are growing expectations that treatment costs, the fee smelters charge miners to refine, will be rising, based on the fact that higher metal prices escalate the charge."

Traders this week in London said physical zinc premiums on the European spot market are seen recovering since hitting lows in January, with demand picking up.

0052 GMT

**DOOSAN, SSANGYONG EXTEND GAINS ON IRAQ DEAL**

Doosan Construction and Ssangyong Engineering extended gains for a second session, following news on Thursday that the firms are part of a South Korean consortium that has won a $12 billion construction programme in Iraq's Kurdish region. [ID:nSEO272778]

Doosan Construction (011160.KS) rose 4.94 percent to 13,800 won, while Ssangyong Engineering & Construction (012650.KQ) surged 8.8 percent to 22,800 won.

0009 GMT (Reporting by Kim Soyoung and Park Ju-min; Editing by Keiron Henderson)