In Korea, ET News reports on May 14 in Seoul, Democratic Party presidential candidate Lee Jae-myung pledged to make South Korea a “global maritime powerhouse” by investing in smart, green, and specialized shipbuilding technologies, with policies aimed at capturing future markets in LNG, electric, methanol, ammonia, and hydrogen-fueled vessels, though no specific funding amount was disclosed.
Speaking 20 days before the election, Lee said, “Last year, half of all new ship orders from overseas were for eco-friendly vessels,” and outlined a multi-pronged plan to support zero-emission fuel systems, vessel battery commercialization, and domestic production of fuel tanks and cargo holds.
He promised to expand R&D for special-purpose ships, support autonomous navigation systems, and deploy AI- and robotics-based “smart yards” to raise productivity. “We will support the digitalization of the entire process, from design to logistics and safety,” he said.
Lee also pledged to resume halted R&D support for small shipyards, expedite refund guarantee issuance, and promote export ecosystems for parts suppliers. Offshore wind vessels would form the backbone of a national “energy highway” project aimed at global expansion.
“K-shipbuilding,” Lee said, “will once again be a pillar of our national economy.”
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