According to Ariang News, several major Korean shipyards dominate the world shipbuilding market, but it looks like the industry could use more smaller players. Only 14 Korean shipyards made it to the world's top 100 shipbuilders. The list was compiled by the London-based market researcher Clarkson based on orders. The figure compares with 28 Japanese and 27 Chinese shipyards that
made the cut. Analysts say this is because Korean shipbuilders have
focused mainly on building large-scale shipyards and need to develop more small- and medium-sized shipyards to establish a more balanced and stable industry.
Source: Arirang News