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01 October 2020 The on-line newspaper devoted to the world of transports 19:59 GMT+2

November 18, 1998

South Korea denies that IMF funds help shipyards

South Korean officials are rejecting charges made by European Commissioner Martin Bangman earlier this week. Bangman told European industry ministers that South Korean yards were undercutting European shipyard prices by 30% and that he suspected South Korean yards were using International Monetray Fund aid to enhance its yards' competitiveness.

"We could ......
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