Government document intimates focus on five big Korean yards

Seoul: The internal document, which reported that the South Korean government has determined that the optimum number of shipyards in the country is "five major builders," has been made public, causing quite a stir, the Kaiji Press reports. There are currently seven companies in South Korea that are considered to be large-scale shipyards, so the speculation has grown that the government is drawing the blueprint for the withdrawal of two yards from the market.
The report obtained by a local newspaper pointed out that the optimum number of competing companies in the shipbuilding industry is five large-size yards. [24/04/09]