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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...

South Korea seizes Russian ship for violating sanctions on N’Korea

Russia asks South Korea to release its seized ship 

Russia’s Ministry of Foreign Affairs summoned South Korea’s ambassador in Moscow on Monday and demanded that Seoul allow a Russian vessel to leave South Korea’s...

South Korea seizes Russian ship for violating sanctions on N’Korea

South Korea seizes Russian ship for violating sanctions on N’Korea

South Korean authorities have seized a Russian-flagged ship and its crew in Busan on suspicion they are violating U.S. sanctions on North Korea, according to Russia’s...

South Sudan boosts oil output by 70,000 bpd

U.S. sanctions: Crude buyers seek U.S. waivers to buy Iranian oil

South Korea on Wednesday said it would seek U.S. exemptions to buy Iranian oil, a path many big oil consumers are likely to follow in the wake of new U.S. sanctions on...

South Korea starts Sewol ferry salvage ops

South Korea to raise ill-fated Sewol ferry upright 

The wreck of the ill-fated South Korean ferry Sewol will be moved in an upright position after laying on its side for over a year in the South Korean Port of Mokpo. The...

China-bound sorghum ship diverts to South Korea

China-bound sorghum ship diverts to South Korea

A vessel carrying 58,503 tonnes of sorghum from the United States switched its destination from China to South Korea early on Thursday, according to Thomson Reuters...

Military fighter jet crashes in South Korea

Military fighter jet crashes in South Korea

A South Korean military fighter jet on Thursday, crashed in the south-eastern region of the country with no casualty identified yet, multiple local media reported citing...

Military fighter jet crashes in South Korea

Military fighter jet crashes in South Korea

A South Korean military fighter jet on Thursday, crashed in the south-eastern region of the country with no casualty identified yet, multiple local media reported citing...

South Korea’s maritime industry shrinks in 2016

South Korea’s maritime industry was scaled down in 2016 due mainly to a contraction in the shipbuilding and shipping businesses, the maritime ministry said Thursday....