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South Korea Finance Shipbuilding

South Korea unveils $690m domestic shipbuilding package

Coming after Japan made a fresh complaint to the WTO concerning subsidies in South Korean shipbuilding, this move is unlikely to be helpful in easing trade tensions. The decision is ostensibly aimed at renewing the domestic shipping fleet

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Smaller South Korean shipping firms will be able to receive financing up to 80% of the cost of new vessels from a combination of banks and policy lender Korea Development Bank

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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