the shipping industry of korea

Shipping Industry of Korea

Introduction

Korea's shipbuilding technology has greatly developed over time. Back to the ancient time, the three kingdoms (Kokuryo, Paekche and Shilla) competitively extended their influence to sea trade routes in A.D. 372. By the mid 9th Century, they installed a trade centre in china.

In 1011, spear ships that prevented enemy ships from approaching were in use and warships equipped with gunpowder and firearms appeared by the year 1150.
In 1592, Admiral Yi Sun Shin built up his own navy and directed the construction of a fleet of modern warships including turtle ships to prevent Japanese further invasion. The turtle ship, so named due to its shape, was ringed with state-of-the-art military technologies at that time.
400 years later, today, Korea is identified as a priority market for the Marine Equipment Industry.

Many countries place great strategic importance on their national shipping industry because it plays a vital role in their e...