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South Korea needs to go upmarket and specialize. Shipyards in Finland and France, the very opposite of low-cost manufacturing destinations, survive because the
by jpatokal 8y ago
South Korea needs to go upmarket and specialize. Shipyards in Finland and France, the very opposite of low-cost manufacturing destinations, survive because they build things like the world's largest cruise ships now:
https://en.wikipedia.org/wiki/MS_Symphony_of_the_Seas https://en.wikipedia.org/wiki/MS_Symphony_of_the_Seas
https://en.wikipedia.org/wiki/MS_Oasis_of_the_Seas https://en.wikipedia.org/wiki/MS_Oasis_of_the_Seas
Also, while Busan has a thriving port, having been to all three you'd have to down a few shots of soju and squint pretty hard until it starts looking like Singapore or Hong Kong...
- holydude 8y agoI do not really understand your comment. The South Korean shipyards are pretty much all about making very large and complex ships. Most of the ships of companies like Maersk are made in there.
- bane 8y agoOne other option, and one that does occur from time to time, is contract defense manufacturing. When I was at the DSME yards, a contract diesel submarine was being built for a large European country. However, there's obvious difficulties for that route as a general one. > Also, while Busan has a thriving port, having been to all three you'd have to down a few shots of soju and squint pretty hard until it starts looking like Singapore or Hong Kong... Well, I definitely wouldn't compare the look and feel of the cities. But their raison d'être is similar.