INSUBCONTINENT EXCLUSIVE:
As the United States vows to curb China’s dominance in shipbuilding – despite its domestic capacity being nearly nonexistent – South
Korea and Japan are looking to benefit from the rivalry and reclaim their competitive edge.
South Korea’s president, Lee Jae-myung, who
took office a month ago, campaigned on supporting the industry – which he described as being “in major crisis”.
“Shipbuilding has
been a core industry driving Korea’s exports and creating jobs,” he said in a social media post on...
