Chinese-led Consortium Chosen for Sunken Sewol Recovery

SEOUL, July 15 (Korea Bizwire) — A consortium led by a Chinese salvage company has been chosen as the preferred bidder for a multimillion dollar project to recover a sunken South Korean ferry, the South Korean government said Wednesday. Last month, 27 firms in seven consortia submitted bids to salvage the ferry Sewol that sank off [...]