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Korean Shipbuilders Blindsided, Lose Contract to Chinese Rivals

Korean Shipbuilders Blindsided, Lose Contract to Chinese Rivals

SEOUL, Aug. 21 (Korea Bizwire) – The domestic shipbuilding industry was engulfed in a wave of low spirits as shipping publication “Tradewinds” and eBest Investment and Securities (eBest) both reported that French company CMA CGM had signed a letter of intent with two Chinese shipbuilding firms for nine container ships. The reason for the Korean [...]

Key Korean Industries’ Global Market Share Predicted to Drop in 10 Years

Key Korean Industries’ Global Market Share Predicted to Drop in 10 Years

SEOUL, Aug. 21 (Korea Bizwire) – “Provided the current situation remains the same going forward, [industries] excepting a few such as semiconductors, general machinery and weapons manufacturing will lose market share. In particular, the automotive, shipbuilding, petrochemical, textiles, home appliances, and communications devices industries will see their respective global market share drop in 2025 compared [...]

THAAD Row Overshadows S. Korean Community in China

THAAD Row Overshadows S. Korean Community in China

BEIJING, Aug. 20 (Korea Bizwire) — A Chinese sign that read “Hanguocheng,” meaning South Korean food court, on the building of a restaurant mall in Wangjing, the once prosperous Koreatown in northeastern Beijing, has been replaced by “Meishijie,” or Gourmet food street. The change reflects an ever-rising anti-South Korean sentiment in China amid the current [...]

Korea Forest Service to Create Thousands of Jobs in Forestry Sector

Korea Forest Service to Create Thousands of Jobs in Forestry Sector

SEOUL, Aug. 20 (Korea Bizwire) — The Korea Forest Service (KFS) is planning to create 60,000 new jobs in the forestry sector by the year 2022, with the expectation that new occupations relevant to forestry will appear in stages.   KFS head Kim Jae hyun said that the 60,000 jobs will consist of 5,000 in the [...]