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Shipbuilding
Korean Shipbuilding Industry
Most Competitive in the World
The Korea Institute for Industrial Economics and Trade (KIET) assessed the value chain competitiveness of the world's major shipbuilders including Korea, Japan, China, and the EU and released the Diagnosis of Competitive Advantage of the Shipbuilding Industry's Value Chain and Policy Directions (2023), which found the overall competitiveness of the Korean shipbuilding industry to be among the highest in the world (score: 88.9).
Finding Opportunities in Environmental RegulationsStricter environmental regulations are expected to increase the demand for eco-friendly ships, creating opportunities for Korean shipyards with strengths in producing eco-friendly, high-value-added vessels.
Dominating Global Orders and Backlogs
* Ship & Offshore, 2024, “Korean yards win most of world orders in first quarter”
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Selectively Winning
Shipbuilding Orders for High-
Value-Added ShipsAccording to Climate Analytics (2024), Korea’s shipbuilding industry is expected to manufacture 70% of upcoming worldwide orders of LNG vessels, which amounts to 255 in numbers.
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Government Strategy
to Secure a Super Gap in
Shipbuilding IndustryThe Korean shipbuilding industry is seeking opportunities to rebound after a prolonged recession. To assist the effort, the government announced the Strategy for Securing a Super Gap in the Shipbuilding Industry to maintain competitive in the future shipbuilding market.
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Shipbuilding and Marine
Engineering Clusters
Centered Around Anchor
CompaniesThe southeast region with Busan, Ulsan, Changwon, and Geoje plays an important role as a shipbuilding cluster with many medium and large shipyards.
Hayong Lee
Key Industries Promotion Team
+82-2-3460-3241
underdragon93@kotra.or.kr
Investment Success Stories
Kongsberg
Kongsberg Maritime Korea Ltd. is a subsidiary of Kongsberg, a Norwegian company that supplies automation equipment for ship operation with leading marine technology and ship automation technology. After opening a Korean office in 1999, the company established a factory in Mieum, Busan in 2007 and employs 236 people. Kongsberg Maritime Korea supplies ship equipment such as ship automation systems, automatic positioning systems, navigation systems, and ship propulsion systems to major shipbuilders in Korea and is recognized as one of the nation's best ship automation systems suppliers. The company is currently headquartered in Busan with offices in Geoje, Ulsan, and Mokpo.
Recommendation on Locations
Industrial Complex Information
Hannae Shipbuilding Specialized Agricultural Industrial Complex
| Initial designation date | 2007.08.13 |
|---|---|
| Designated area(m2) | 277,868 |
| Management | Gyeongsangnam-do Geoje City |
| Nearby Railway | Busan Station |
| Distance from station(km) | 59 |
| Nearby Airport | Gimhae International Airport |
| Distance from airport(km) | 57 |
| Industrial waterSupply capacity(ton/day) | - |
| Affiliation local government | Gyeongsangnam-do Geoje City |
| Population | 246,402 |
Industrial Complex Information
Anjeong National Industrial Complex
| Initial designation date | 1974.04.01 |
|---|---|
| Designated area(m2) | 3,866,224 |
| Management | Korea Industrial Complex Corporation |
| Nearby Railway | Jinju Station |
| Distance from station(km) | 46 |
| Nearby Airport | Sacheon Airport |
| Distance from airport(km) | 45 |
| Industrial water Supply capacity(ton/day) | 6500(㎥/day) |
| Affiliation local government | Gyeongsangnam-do Tongyeong City |
| Population | 9,226 |
Industrial Complex Information
Daeyang General Industrial Complex
| Initial designation date | 2009.02.05 |
|---|---|
| Designated area(m2) | 1,545,007 |
| Management | Jeollanam-do Mokpo City |
| Nearby Railway | Mokpo Station |
| Distance from station(km) | 6 |
| Nearby Airport | Muan International Airport |
| Distance from airport(km) | 34 |
| Industrial water Supply capacity(ton/day) | 5,138(㎥/day) |
| Affiliation local government | Jeollanam-do Mokpo City |
| Population | 226,875 |
Industrial Complex Information
Jinbuk Agricultural Industrial Complex
| Initial designation date | 1989.12.15 |
|---|---|
| Designated area(m2) | 133,170 |
| Management | Gyeongsangnam-do Changwon City |
| Nearby Railway | Masan Station |
| Distance from station(km) | 22 |
| Nearby Airport | Sacheon Airport |
| Distance from airport(km) | 51 |
| Industrial water Supply capacity(ton/day) | 330(㎥/day) |
| Affiliation local government | Gyeongsangnam-do Changwon City |
| Population | 1,038,677 |
Industrial Complex Information
Haeryong Industrial Complex (Gwangyang Bay Area Free Economic Zone)
| Initial designation date | 1998.04.22 |
|---|---|
| Designated area(m2) | 1,592,808 |
| Management | Jeollanam-do Suncheon City, Gwangyang bay area Free Economic Zone Authority |
| Nearby Railway | Yulchon Station |
| Distance from station(km) | 5 |
| Nearby Airport | Yeosu Airport |
| Distance from airport(km) | 11 |
| Industrial water Supply capacity(ton/day) | 4,614(㎥/day) |
| Affiliation local government | Jeollanam-do Suncheon City |
| Population | 281,999 |
Industrial Complex Information
Obi 2nd General Industrial Complex
| Initial designation date | 2014.09.05 |
|---|---|
| Designated area(m2) | 108,613 |
| Management | Gyeongsangnam-do Geoje City |
| Nearby Railway | Jinhae Station |
| Distance from station(km) | 65 |
| Nearby Airport | Gimhae International Airport |
| Distance from airport(km) | 63 |
| Industrial water Supply capacity(ton/day) | 64(㎥/day) |
| Affiliation local government | Gyeongsangnam-do Geoje City |
| Population | 246,402 |