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Danish shipping receives massive state aid while criticizing South Korean fund

In 2018, Danish shipping companies received state aid totaling around DKK 1.75 billion, according to fresh numbers from the country's tax ministry. Still, they heavily criticize South Korea's latest aid package for skewing competition. "There's a difference," says Danish Shipping.

Photo: Aly Song/Reuters/Ritzau Scanpix

South Korea was met with widespread condemnation when it launched another aid package for its strained shipping industry last week.

Both Danish Shipping and the International Chamber of Shipping (ICS) accused the scheme, which targets companies like container line HMM and several large shipbuilders, of keeping loss-incurring companies afloat.

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