Korea's shipbuilding industry is understood to have the highest competitiveness and to make the best response to market changes compared to its rivals.Lee Seok-jae, researcher at Seoul-based Mirae Asset Securities, revealed that "thanks to a rising oil price and strengthened environment regulations, new business circumstances of the shipbuilding and shipping industries are being created. And Korean shipbuilders are responding best to these changes, accelerating a full scale revaluation on them."
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Source: Asiasis
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