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South Korea invests record $1.8 billion to dominate next-gen shipbuilding (koreapro.org)

submitted 13 hours ago by [email protected] to c/[email protected]

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South Korea announced on Tuesday a record $1.8 billion (2.6 trillion won) investment in its shipbuilding sector — a 40% increase from last year — to strengthen its lead in green and digital ship technologies. The funding will focus on eco-friendly ships (1.7 trillion won), digital transformation of shipyards (700 billion won) and autonomous vessels (200 billion won). New R&D projects include ammonia-powered ships, electric propulsion systems, wind-assisted technology and AI-driven welding robots.

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