Shipbuilding industry of

South Korea

1 Introduction to Korean Shipbuilding industry

Korean government policies affecting the

2 shipbuilding industry

3 Current performance of the industry

Presented by Izzat Khamidov (명예)

12184729
Today, South Korea is the world’s second
largest shipbuilding country with a global
market share of 31% in 2017. South
Korea leads in the production of large
vessels such as cruise liners, super
tankers, LNG carriers, drill ships, and
large container ships.
 The three largest The shipbuilding industry in Korea
Korean shipbuilders makes a significant contribution to
are: Korean exports
 Development of
country market
shares
in CGT deliveries,
by year.

CGT - Compensated
Gross Tonnage
 Key support measures by
Korean Government
HUMAN RESOURCES
R&D DEVELOPMENT
Establishment of 21 universities,
Programme 18 colleges and 16 graduate
“Shipbuilding Core Technology schools related to shipbuilding
Development” engineering are major sources of
(Budget USD 22 million in 2014) nurturing the shipbuilding
workforce.

SUPPORT FOR THE

SHIP
MARITIME EQUIPMENT
FINANCING INDUSTRY
Export Credit Agencies (ECA)
provide shipbuilding financing MOTIE established the
through: Korea Marine Equipment
• K-SURE Global Service Centre
• Korea Exim bank – KEXIM (KOMEC)
After years of struggling to stay afloat, the South
Korean shipbuilding industry is preparing for the
return of growth.
Presented by Izzat Khamidov (명예)
12184729

Thank you
for attention!