The Korea’s shipping industry, the world largest, is preparing itself for the future. The domestic shipping industry has been sweeping the first seven places across the world in terms of the amount of orders received and the rest amount of them. However, China is also formidable as it is running right after Japan, which is tailing Korea. Korean shipping companies are accelerating their efforts to heighten added value by developing Liquefied Natural Gas (LNG) ships and building high value-added cruise ships. The shipping industry is one of the leading export industries in Korea. Last year, it ranked fifth following semiconductors, vehicles and wireless telecommunication equipment in order in terms of export amounts by industry.
