The previous world's shipbuilding leader, Japanese shipbuilders have waned in a fast pace since 1990.
However, Korea's shipbuilding industry, which started to develop in a full scale in the 1980s, began to get ahead of Japan's since the 1990s as it accommodated the needs for new vessel types, such as high value-added boxships and LNG carriers while Japanese shipbuilders showed a passive attitude over the increasing demand for new types of ships.
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Source: Asiasis
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