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21 June 2018 The on-line newspaper devoted to the world of transports 02:56 GMT+2

August 25, 2017

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Original news
In Korea of the South will be instituted an organism in order to support the competitiveness of the industry of shipping the

will be created to half of the next
To half of the next year the Ministry of the marine Activities of Korea of the Maritime South will institute the Korea Promotion Corporation, organism of support to the field of national the marine transport that will have a five thousand equipment of capital of billions of won (1,6 billion dollars).

the ministry has evidenced that this section is in charge of beyond 99% of the volume of the exchanges with foreign country of the nation and recently is hit by the deterioration of the market of the marine transports caused from the been extended recession in existence from 2008, crisis that has among other things determined the failure of the company of South Korean navigation Hanjin Shipping.

Maritime Promotion Corporation will have the task to assist the manufacturer and the Korea industry South Korean of shipping from the financial point of view and promuoverà initiatives in order to assure the competitiveness of the field. Moreover it will have the responsibility to guarantee the marine connections essential in case of crisis or emergencies.

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