Build All of the Ships
By _(7193823614).jpg#/media/File:2008%EB%85%849%EC%9B%9427%EC%9D%BC_%ED%95%B4%EA%B5%B0_%EC%84%B8%EC%A2%85%EB%8C%80%EC%99%95%ED%95%A8%EA%B8%B0%EB%8F%99_(1)_(7193823614).jpg)
My latest at the Diplomat takes a look at the South Korean shipbuilding industry:
The Korean shipbuilding industry has plunged into a deep crisis. The three biggest shipbuilding firms—Daewoo, Hyundai Heavy, and Samsung Heavy—posted record combined losses in 2015, and 2016 looks no better. Combined with a major accounting scandal and ongoing concerns about the viability of the market, South Korea could face a major shift in the viability of one of its most important industries.