Page 59: of Maritime Reporter Magazine (December 2015)

S. Korea Facts

Country Abbreviation: ROK

Area:

Total: 99,720 sq km

Land: 96,920 sq km

Water: 2,800 sq km

Left:

Country comparison to the world: 109

Hanjin Sooho (13100 TEU Class)

Coastline: 2,413 km (Photo: Hanjin)

Below:

Maritime claims:

Hyundai Heavy Industries Ulsan Shipyard,

Territorial sea: 12 nm; between 3 nm

South Korea and 12 nm in the Korea Strait (Courtesy: HHI)

Contiguous zone: 24 nm

Exclusive economic zone: 200 nm continental shelf: not speci? ed

Population: 49,115,196 (July 2015 est.)

GDP $1.781 trillion (2014 est.) country comparison to the world: 14

Waterways: 1,600 km (most navigable only by small craft) (2011)

Merchant marine:

Total: 786

By type: bulk carrier 191, cargo 235, carrier 8, chemical tanker 130, con- tainer 72, lique? ed gas 44, passenger 5, passenger/cargo 15, petroleum tanker 55, refrigerated cargo 15, roll on/roll off 10, vehicle carrier 6

Foreign-owned: 31 (China 6, France 2,

Japan 14, Taiwan 1, US 8)

Registered in other countries: 457 (Bahamas 1, Cambodia 10, Ghana 1,

Honduras 6, Hong Kong 3, Indonesia 2, who held the third and fourth posi- cooperation. Moreover, the shipyard market area for South Korean mari-

Kiribati 1, Liberia 2, Malta 2, Marshall tions according to ? eet size began ex- training centers and maritime educa- time industries.

Islands 41, North Korea 1, Panama 373, Philippines 1, Russia 1, Singapore periencing losses and have been since tion in the universities guarantee a In August 2013, South Korea came 3, Tuvalu 1, unknown 8) (2010) auctioned. continuous support of skilled and pro- out with their plan on Arctic policies. country comparison to the world: 14

Among Korea’s around 20 major and fessional manpower. With full support from the govern- minor ports, Busan, Kwangyang and Marine equipment market for com- ment, South Korea sees their primary

Ports and terminals:

Incheon are the biggest ports which panies af? liated with Korea Marine mission as developing and taking ad-

Major seaport(s): Busan, Incheon, Gun- are also free trade zones. Busan Port Equipment Association (KOMEA) vantage of shipping through the Arctic san, Kwangyang, Mokpo, Pohang, Ul- with its throughput of over 16 mil- was worth $7.4 billion in 2013, a sig- region. The Arctic shipping routes, on san, Yeosu lion TEU, features among the world’s ni? cant drop from $9.1 billion record- the one hand, can bring South Korea

Container port(s) (TEUs): Busan top 20 container terminals in terms of ed in 2012. This comprised of Engine large market potential and shortened (16,163,842), Kwangyang (2,061,958), throughput. & Machinery segment worth $3.25 distance between Asia and Europe.

Incheon (1,924,644)

The South Korean government has billion, out? tting segment worth $2.4 South Korea and Norway are jointly

LNG terminal(s) (import): Incheon, made different development plans for billion, Electric & Electronics segment engaged in developing Arctic shipping

Kwangyang, Pyeongtaek, Samcheok, each port based on its own features and was worth $1.2 billion and Hull seg- and are expected to open a new ship-

Tongyeong, Yeosu advantages. The strong support from ment worth $399 million. ping route between Europe and Asia. the government is expected to acceler- Considering the fact that South Ko- From this perspective, South Korea’s ate the development of the port sector. rea is already quite advanced in terms focus on the Arctic shipping may also

The maritime industry is in an ad- of technologies, it might be appropri- provide maritime companies in the vantageous position enjoying gov- ate for the nation to keep its path on Central Baltic Sea region with techno-

Source: The World Factbook ernmental support, knowhow of high developing high complexity and eco- logical expertise more business oppor- 2013-14. Washington, DC: technology, high production ef? cien- friendly shipbuilding. tunities, especially in the ? eld of ice-

Central Intelligence Agency, 2013 cy, as well as extensive international The Arctic region has become a new breaker designing and manufacturing. www.marinelink.com 59

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