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Moon vows to solidify S. Korea’s position as world’s number one shipbuilder

President Moon Jae-in said South Korea will work to boster its shipbuilding industry to make in an overwhelming global leader that no one can overtake.

He was speaking Thursday at a shipyard to lay out the country’s vision for the industry.

“Our goal is clear. We will solidify an unassailable position as number one in the world through our advantages in terms of smart, eco-friendly shipbuilding. We will boost investment in new technologies and people, and foster a sustainable industrial eco-system.”

South Korea is home to the world’s top five shipbuilders in terms of orders.
From January to July this year, local shipbuilders won orders worth 12.8 million compensated gross tonnes the most since 2008.
The president said now is the time to make the industry stronger stressing the government and companies should work together to lead new trends, such as carbon neutrality and the Fourth Industrial Revolution.
He said the government plans to increase the country’s market share in eco-friendly vessels to 75 percent by 2030 up from the current 66 percent.
The government will also train 8-thousand experts by 2022 make efforts to secure low-carbon technologies and develop autonomous sailing systems.
Source: Arirang

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