2nd-phase Construction Begins at Ulsan Port for Oil Hub Project

SEOUL, Jul. 24 (Korea Bizwire) — Breakwater construction will begin at Ulsan as part of an ongoing move to transform the port city into a Northeast Asia oil trading hub, the maritime ministry said Monday. Some 830 billion won (US$741.73 million) will go into erecting a 3.1-kilometer-long breakwater, scheduled for completion by 2023. It is [...]