News on South Korea.

Iran releases crew of South Korean tanker

The crew of South Korean tanker vessel Hankuk Chemi, which has been detained in Iran for almost a month, is free to leave the vessel and return home, says a spokesman for Iran's ministry of foreign affairs.

South Korea deploys naval vessel to Strait of Hormuz

South Korea has deployed a warship to the Stait of Hormuz after the Islamic Revolutionary Guard Corps seized a South Korean-flagged tanker Monday, citing pollution. South Korea demands that the ship and its 20-man crew be released.

DSME has won an order for five mega ships

Daewoo Shipbuilding & Marine Engineering has secured an order for five new container ships set for delivery next year. The contract is worth a triple-digit million-dollar figure.

More ship orders send South Korean yard stocks soaring

Stock prices at the three major South Korean shipbuilders rose considerably over the past month. This is especially due to a wave of new orders, and the trend is expected to continue throughout the year, news agency writes.

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