Korean Co News

The Danish-South Korean Green Growth Alliance met for roundtable talks yesterday. The Minister for Business and Growth's meeting with the South Korean Minister of Oceans and Fisheries is important for further developing the close co-operation. The Green Growth Alliance held its fifth meeting yesterday. This time it had the form of roundtable talks with a maritime focus at the premises of the Danish Maritime Authority. South Korea is the third-largest export market for Denmark in Asia and an important market for Danish shipping. South Korea is also of major importance to Danish suppliers of marine equipment, several of which have their production, service centres or sales offices in South Korea. The Growth Alliance was launched in 2011 as a cooperation between Denmark and South Korea.

Jindal Shipyards, a part of the $8b OP Jindal group, is planning to rope in Korean Maritime Consultants (Komac) for setting up the country’s first maritime technology park, expected to draw investment worth $7.2b. The park, to be called India Maritime Technology Park, will come up near Dahej. It will be on lines of Chinese cluster model and will get SEZ status later on. The project will also house a maritime technology institute.. [Source: The Economic Times]