H. Yoo
Research expert covering South Korea
Shipbuilding industry in South Korea - statistics and facts
Despite navigating through difficult situations, South Korean companies remain at the forefront of the global shipbuilding market. East Asian countries dominated the industry, with South Korea and China vying for new shipbuilding orders across the globe. Historically, the leading country for shipbuilding was Japan in the 1950s. South Korea kicked off its entry into the industry during the 1970s, and gradually developed its shipbuilding competencies to its current status. In recent years, China led the global market with the backing of the Chinese government. Nevertheless, South Korea still boasted a significant presence in the world of ship manufacturing, and its major players were not merely big fish in a small pond.
