Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Government document intimates focus on five big Korean yards

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]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.