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21 September 2021 The on-line newspaper devoted to the world of transports 16:34 GMT+2

April 23, 1998

Prices are softening from already low levels and have yet to bottom out

By David Hughes

WHEN the financial crisis hit South Korea it was unclear what the effect on the country's shipyards would be. To some observers it seemed that the Korean yards would get their just deserts for expanding capacity.

Many in the industry, though, were deeply concerned that the massive drop in the value of the won would simply hone the competitive ......
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