Tag: Hyundai Heavy chairman Choi Kil-Seon

Crisis for S. Korea shipbuilders as golden age fades

by Jung Ha-Won SEOUL , South Korea (AFP) — After more than a decade of global dominance, South Korea’s shipbuilders face an unprecedented crisis that threatens the very survival of one of the flagship industries of Asia’s fourth largest economy. South Korea’s “Big Three” shipbuilders were once considered the holy trinity of Korea Inc. — controlling nearly 70 percent of the global market after seeing off their European and Japanese rivals in the 1980s and […]