Tag: , ,

Hyundai Heavy submits regulatory application in the EU for DSME deal

South Korea fines Hyundai Heavy for unfair trade

  South Korean Fair Trade Commission has fined shipbuilding major Hyundai Heavy Industries Co. for unfair trade with its subcontractors. The KRW 970 million...

3 major shipbuilders accused of not duly paying subcontractors

Again, Japan drags South Korea to WTO over shipbuilding 

  Japan launched a second complaint at the World Trade Organization on Monday over support South Korea gives its shipbuilding industry, intensifying a wider dispute...

South Korea to buy $110m rice from U.S. annually  

South Korea to buy $110m rice from U.S. annually  

  South Korea has agreed to buy more than $100 million in annual US rice exports, US officials said Tuesday. Under the agreement, South Korea will provide access...

South Korea returns to top spot in shipbuilding orders

South Korea returns to top spot in shipbuilding orders

  South Korea recaptured the top spot in global shipbuilding orders last month, industry data showed, on the back of its dominance in the liquefied natural gas...

Sierra Leone-flagged freighter catches fire off South Korea

Sierra Leone-flagged freighter catches fire off South Korea

  A Sierra Leone-flagged freighter with 13 Russian crew aboard caught fire while transiting the Sea of Japan, near the South Korean Port of Pohang, on Sunday.  The...

South Korea earmarks $35bn to boost 12 ports

South Korea earmarks $35bn to boost 12 ports

South Korea is planning to invest a total of KRW41.8tr ($35.2bn) to expand capacity at 12 ports across the country over the next 20 years, reports said. The ambitious...

Britain agrees Brexit trade deal with South Korea

Britain agrees Brexit trade deal with South Korea

Britain said on Monday that it had concluded a trade deal with South Korea to maintain links after Brexit. International Trade Secretary Liam Fox has agreed on a...

Britain agrees Brexit trade deal with South Korea

Britain agrees Brexit trade deal with South Korea

Britain said on Monday that it had concluded a trade deal with South Korea to maintain links after Brexit. International Trade Secretary Liam Fox has agreed on a...

South Korea vows to continue search for missing Hungary boat victims

South Korea vows to continue search for missing Hungary boat victims

South Korea on Friday vowed not to give up hope in the desperate search for 21 people still missing two days after a sightseeing boat carrying mainly South Korean...

South-Korean-shipyards

South Korea to boost shipyards with additional $60m 

South Korea plans to spend another KRW70 billion (US$60.1 million) to support local shipbuilders’ recovery efforts, the country’s Ministry of Trade, Industry and...

2 seafarers die in South Korea tanker fire

2 seafarers die in South Korea tanker fire

A fire aboard a 494-ton oil tanker off the southern coast of South Korea on Wednesday morning has claimed the lives of two seafarers and injured another.  The incident...

Maersk Honam: Hope fades for missing seafarers

Section of fire stricken Maersk Honam heads to South Korea for reconstruction 

The sound part of the Maersk Honam, which was hit by a serious fire in March 2018, is now on its way to South Korea, where it will be rebuilt. The containership’s...