Independent journal on economy and transport policy
23:49 GMT+2
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In South Korea an organism will be instituted in order to support the competitiveness of the industry of the shipping
It will be created to half of the next year
August 25, 2017
To half of the next year the Ministry of the marine Activities of South Korea will institute the Korea Maritime Promotion Corporation, organism of support to the field of national the marine transport that will have a five thousand equipment of capital of billions of won (1,6 billion dollars).
The ministry has evidenced that this section is in charge of beyond 99% of the volume of the exchanges with foreign country of the nation and recently is hit by the deterioration of the market of the marine transports caused from the been extended recession in existence from 2008, crisis that has among other things determined the failure of the company of South Korean navigation Hanjin Shipping.
Maritime Promotion Corporation will have the task to assist the manufacturer and the Korea industry South Korean of shipping from the financial point of view and promuoverà initiatives in order to assure the competitiveness of the field. Moreover it will have the responsibility to guarantee the marine connections essential in case of crisis or emergencies.
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