News / Korean shipping lines promised billions in state support as profits fade

Cho Seung-hwan Credit MOF
Cho Seung-hwan. Photo: MOF
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South Korea’s minister for oceans and fisheries has assured the country’s container shipping companies his ministry will help them weather market challenges as freight rates continue falling.

This is despite South Korea having been criticised for using taxpayers’ money to bail out struggling enterprises.

Cho Seung-hwan met ...

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    HMM Korea Development Bank (KDB) Korea Ocean Business Corporation (KOBC) Shanghai Containerised Freight Index