Independent journal on economy and transport policy
00:47 GMT+1
Shipbuilding's Spring Illusion: Backbone Collapses
(The Chosun Daily)
March 24, 2026
[Korea Reportage] Despite 170% profit surge, small shipyards and
suppliers collapse as China dominates global market
Spring arrives first along the southern coast. The sound of
giant cranes lifting steel plates at shipyards in Geoje, Ulsan, and
Yeongam echoes like the heartbeat of South Korea’s
shipbuilding industry, which is leaping back to life. It seems the
shipbuilding sector has welcomed spring once again. The combined
2025 revenue of the three major shipbuilders
...... Read more on The Chosun Daily
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