South Korea government takes measures to support shipbuilding industry
It was reported that the South Korean government has given huge investment to support the South Korean shipbuilding industry since the COVID-19 epidemic and the dropped oil prices have seriously affected the demand for new ship orders.
The South Korean government decided to set up a stabilization fund of 40 trillion won on April 22nd and it was decided to invest another 8 trillion won in financial support funds and other policies in the crisis management meeting on April 23rd.
Besides, at the same time, the government will sign supply contracts in order to provide support to components and supporting equipment companies.
