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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...

Maersk Honam: Hope fades for missing seafarers

After major fire incident, Maersk Honam heads to South Korea for reconstruction 

Maersk Line has confirmed plans to rebuild the Maersk Honam in South Korea. In an emailed statement on Monday, Maersk revealed that a portion of the vessel will be...

Daewoo Shipbuilding workers stage protest, demand higher pay 

South Korea slams $9.6m fine on Daewoo Shipbuilding 

South Korea’s Fair Trade Commission (FTC) has slammed a KRW10.8 billion (US$9.6m) fine on Daewoo Shipbuilding and Marine Engineering (DSME). DSME, which is one of the...

South Korea unveils financial boost for small shipbuilders

South Korea unveils financial boost for small shipbuilders

South Korea has prepared another financial boost for its shipbuilding industry with an aim to help small and mid-sized shipbuilders. According to an announcement...

Japan-drags-South-Korea-to-WTO-over-financial-support-to-shipbuilders

Japan drags South Korea to WTO over financial support to shipbuilders 

Japan has launched a complaint at the World Trade Organization (WTO) to contest what it says is illegal financial support given by South Korea to commercial...

South Korea to bail out distressed shipping companies 

South Korea to bail out distressed shipping companies 

South Korea’s state-run company Korea Ocean Business Corp (KOBC) has revealed its intentions to support financially troubled shipping firms and fund eco-friendly...