SOUTH KOREA
April 1st, 2001
BY KEITH NUTHALLTHE SOUTH Korean government is continuing to bankroll its shipbuilding industry, allowing its companies to continue dominating this international sector, on the basis of unfair trading practices, a European Commission report has alleged. It noted that last year saw an significant expansion in shipbuilding orders worldwide, but that the 56 per cent rise in orders "benefited South Korean yards," which increased their market share, rather than EU shipbuilders, whose share remained static. The report claimed that the South Koreans on average ran their ...
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