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Japan requests WTO inquiry into South Korea's shipping subsidies

Japan is now escalating its criticism of South Korea's state subsidies in the form of a complaint filed with the WTO, several Japanese media write. South Korean policy is also under extensive criticism from other entities including Maersk and the EU.

Mitsubishi Heavy Industries | Photo: Mitsubishi Heavy Industries

South Korea's huge state subsidy program for the country's maritime industry has prompted the Japanese government to file a complaint with the World Trade Organization.

Following the collapse of Hanjin roughly two years ago and with increasing intensity over the last six months, the South Korean government has elevated state subsidies to South Korean shipyards, suppliers and carriers. The Japanese government is particularly vexed by the subsidies issued to the three South Korean mega-shipyards, several Japanese media write.

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