HOW KOREA BECAME THE WORLD’S MOST IMPORTANT SHIPBUILDING NATION
This lecture will describe the amazing development, from almost “zero,” of Korea’s shipbuilding industry and how it developed into the most efficient, advanced and competitive shipbuilding nation in the world. This development is largely overlooked by most observers of Korean economy, but is an exceptional example of how creativity combined with government support and strong work ethic can achieve remarkable results.
Up to the mid 1970’s Korea’s shipbuilding consisted of one medium class yard in Pusan producing small ocean going cargo ships and numerous small yards building fishing boats and coastal ferries, all using techniques reliant on cheap labour and very basic equipment, ending up with ships and boats of very low quality and questionable safety!
Korean Government central planning, creativity of the corporations involved and the input of state-of-the-art European shipbuilding techniques then leap-frogged Korea’s shipbuilding forward to become the world’s leading shipbuilding country is less than 20 years in all aspects: technology, quality, reliable delivery, size / scale and price competitiveness.
The speaker, Peter Bartholomew, has lived in Korea for 47 years and starting working in shipbuilding & shipping industries from the early 1970’s. He was integrally involved with shipbuilding developments of the Hyundai~Ulsan, Daewoo~Okpo and STX~Jinhae shipyards and thus able to provide truly “insider” insights into this remarkable success story.