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Jobless Rate in Geoje Highest on Slump in Shipbuilding Sector

Jobless Rate in Geoje Highest on Slump in Shipbuilding Sector

SEJONG, Feb. 21 (Korea Bizwire) – The jobless rate in Geoje, located in the southern part of the country, reached the highest level among South Korean cities, as local shipyards implemented massive job cuts amid an industry-wide slump, data showed Wednesday. According to the data compiled by Statistics Korea, the unemployment rate in the city, home to the country’s major shipyards, including Daewoo Shipbuilding & Marine Engineering Co. (DSME) [...]

Most Victims of Crane Accident at Geoje Shipyard Were Subcontractors

Most Victims of Crane Accident at Geoje Shipyard Were Subcontractors

GEOJE, SOUTH KOREA, May 4 (Korea Bizwire) – Many of the victims who were injured or killed during the crane accident which occurred at the Geoje Shipyard last Monday were subcontractors, according to Samsung Heavy Industries. Speaking to Yonhap News Agency earlier this week, the company revealed that most of the casualties were subcontractors, including [...]

Labor, Management, Municipalities Pull Together to Rescue Shipbuilding Industry

Labor, Management, Municipalities Pull Together to Rescue Shipbuilding Industry

GEOJE, March 7 (Korea Bizwire) –Companies, labor unions and municipalities are joining forces in a bid to revive a struggling industry and win orders for large shipyards in Geoje, South Gyeongsang Province.  According to shipbuilding industry watchers and Geoje on Mar 6, Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries, which suffered a [...]