Independent journal on economy and transport policy
01:10 GMT+2
Regional crisis a blessing for shipbuilders
(South China Morning Post)
December 14, 2000
KOREA
B.J. Lee
For South Korean shipbuilders, the country's financial crisis in 1997 was a blessing in disguise.
The won declined by more than 50 per cent against the US dollar, making Korean ships and other products cheaper in overseas markets.
Backed by the competitiveness of the country's shipbuilders, the price advantage allowed most companies to enjoy an ...... Read more on South China Morning Post
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