Independent journal on economy and transport policy
08:31 GMT+2
S Korea to ban bank loans for yards that underbid
(Shipping Times)
July 21, 2000
[SEOUL] South Korea has promised to deny bank loans to shipbuilders suspected of underbidding for overseas contracts following threats of trade retaliation from Europe, officials said yesterday.
The promise was made at a two-day meeting on shipbuilding between South Korea and the European Union (EU), which ended here yesterday.
"We have promised that ...... Read more on Shipping Times
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