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South Korea and the Development of Offshore Shipbuilding in the Russian Far East

... The value of the deal is estimated at USD 0.9–1.9 billion [7] . It can be viewed as aimed at both technological cooperation and transfer of complex orders to Korean shipbuilders in case of a failure by the Russian side to complete them on time. Offshore shipbuilding is a new industrial production area for Russia and, as such, its development requires a focused government and corporate policy as well as considerable investment. South Korean experts have noted that an acquisition by the Russian Federation of such a large stake in a shipbuilding company would provide it with full rights to take part in making management decisions. Yet DSME, which, besides large-tonnage civilian ...

06.05.2014

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