Busan__20130507_TH_0316

Ouch. This is going to be really painful for the people of Korea, but there would appear to be no other way out of the current impasse of massive shipping overcapacity than a complete root and branch restructure of its shipping and shipbuilding industries. The Korea Herald today reports that the country’s Financial Services Commission has called for a “three-track” system of restructuring to be undertaken in collaboration with the Korea Development Bank and Korea Import-Export Bank, which together hold ...

Please Register

To continue reading, please login or register for full access to our free content
Loadstar subscriber
New Loadstar subscriber REGISTER

Comment on this article


You must be logged in to post a comment.