Our team in Seoul has completed a market intelligence report on the business opportunities in South Korea’s marine industry – the latest of our studies for the UK’s Department for International Trade (DIT).
And we’re presenting at a DIT webinar on 22 April to explore the topic, with places now open for booking.
Download your free copy of ‘Marine Industry 4.0 – South Korea’ below.
It outlines how Korea is making huge investments in digitalisation and decarbonisation across shipbuilding, ports and offshore energy.
Already a global leader, the country’s shipbuilding sector is forecast to grow by 50% to £30.1 billion by 2030. And, as part of the Korean New Deal, £99.4 million is earmarked by the government to develop and commercialise smart technology for ships and ports.
In addition, offshore wind, tidal and wave energy projects form a major part of Korea’s ambitious renewable energy plans and are set to boost its marine economy still further.
This growth will be backed by investments from Hyundai Heavy Industries, Samsung Heavy Industries and other corporations. Hyundai alone has earmarked almost £1.3 billion to develop offshore engineering, smart ships and shipyards.
These investments – part of a national growth strategy based on the so-called Fourth Industrial Revolution (4IR) technologies – are opening up big opportunities for companies with innovative products and services.
Download your copy of the report by clicking on the image below:
Online event – 22 April 2021
The DIT is hosting an online event to explore South Korea’s marine sector and our study.
Adeel Ahmad, Seoul-based Head of our Industrial Practice, will present a summary of our report findings alongside DIT Country Director Mike Welch, Export Minister Graham Stuart MP and others. The presentations will be followed by a Q&A.
The webinar takes place from 9.30-10.30am UK time on Thursday 22 April.
Click here to book your place.
Or, for a one-to-one discussion of marine business opportunities in East Asia, contact Huw Thomas on firstname.lastname@example.org.