S. Korean Shipyards Still Struggle to Cut Costs amid ‘Order Drought’

SEOUL, Aug. 27 (Korea Bizwire) — South Korean shipyards, led by Hyundai Heavy Industries Co., are still struggling to cut costs through unpaid leave for their workers and shutting down dry docks idled amid a lack of orders, industry sources said Sunday. For decades, the shipbuilding sector has been one of the key growth drivers [...]