{"id":2208341,"date":"2025-02-12T08:00:54","date_gmt":"2025-02-11T23:00:54","guid":{"rendered":"https:\/\/koreapro.org\/?p=2208341"},"modified":"2025-02-11T15:14:26","modified_gmt":"2025-02-11T06:14:26","slug":"south-korea-invests-record-1-8-billion-to-dominate-next-gen-shipbuilding","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2025\/02\/south-korea-invests-record-1-8-billion-to-dominate-next-gen-shipbuilding\/","title":{"rendered":"South Korea invests record $1.8 billion to dominate next-gen shipbuilding"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/170123\/view#\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> on Tuesday a record $1.8 billion (2.6 trillion won) investment in its shipbuilding sector \u2014 a 40% increase from last year \u2014 to strengthen its lead in green and digital ship technologies. The funding will focus on eco-friendly ships (1.7 trillion won), digital transformation of shipyards (700 billion won) and autonomous vessels (200 billion won). New R&amp;D projects include ammonia-powered ships, electric propulsion systems, wind-assisted technology and AI-driven welding robots.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The government is also funding South Korea\u2019s first ammonia bunkering vessel, which would support global decarbonization efforts and reinforce the country\u2019s dominance in high-value shipbuilding. The industries ministry emphasized that investing in smart, green technologies is critical for long-term competitiveness as global demand shifts toward cleaner shipping.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">South Korea\u2019s push for next-generation, high-value ships is a survival strategy in an increasingly protectionist global economy. Shipbuilding is one sector where South Korea will likely accelerate cooperation with the U.S., even as Trump\u2019s trade war deepens. Trump <\/span><a href=\"https:\/\/koreapro.org\/2024\/11\/south-korea-faces-tough-choices-due-to-trumps-hardline-stance-on-china\/\"><span style=\"font-weight: 400;\">reportedly<\/span><\/a><span style=\"font-weight: 400;\"> sought South Korean cooperation in shipbuilding during his phone call with President Yoon Suk-yeol in November, but new U.S. <\/span><a href=\"https:\/\/koreapro.org\/2025\/02\/trumps-tariffs-hit-south-korean-steel-hard-as-us-trade-war-expands\/\"><span style=\"font-weight: 400;\">tariffs on steel and aluminum imports<\/span><\/a><span style=\"font-weight: 400;\"> will raise costs, making South Korean ships less competitive globally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the same time, China remains South Korea\u2019s biggest rival in the shipbuilding sector. Beijing has aggressively expanded state-backed shipbuilding in LNG carriers and autonomous vessels. South Korea\u2019s record investment in its shipbuilding sector is clearly an attempt to ensure that ROK companies remain ahead of their Chinese rivals, but the U.S.\u2019 escalating trade war will test whether South Korea can hold its ground.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/inter-korean-foreign-relations\/\"><span class=\"tag\">Inter-Korean &amp; Foreign Relations<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korea announced on Tuesday a record $1.8 billion (2.6 trillion won) investment in its shipbuilding sector \u2014 a 40% increase from last year \u2014 to strengthen its lead in green and digital ship technologies. The funding will focus on eco-friendly ships (1.7 trillion won), digital transformation of shipyards (700 billion won) and autonomous vessels [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2208342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"class_list":["post-2208341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-inter-korean-foreign-relations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea invests record $1.8 billion to dominate next-gen shipbuilding - Korea Pro<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2025\/02\/south-korea-invests-record-1-8-billion-to-dominate-next-gen-shipbuilding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea invests record $1.8 billion to dominate next-gen shipbuilding - Korea Pro\" \/>\n<meta property=\"og:description\" content=\"South Korea announced on Tuesday a record $1.8 billion (2.6 trillion won) investment in its shipbuilding sector \u2014 a 40% increase from last year \u2014 to strengthen its lead in green and digital ship technologies. 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