08 Mar 2018, Waratthapoom Buarapha, EMIS Editor
South Korea’s maritime transport deficit hits record high in 2017
The central bank attributed the record high deficit to the slump in the global shipping market and the restructuring of the domestic shipping sector which stemmed from the bankruptcy of Hanjin Shipping in early 2017.
The Bank of Korea expects South Korea to log another deficit in maritime transport account this year as the local shipping industry is yet fully recover from the market turmoil.
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