South Korea presents new large subsidy package for shipbuilders
Even though criticism from several western nations is intensifying, the South Korean government has announced a new massive aid package for the country's struggling but vital shipbuilding sector. OECD will review the issue of state subsidies at meeting next week.
Next week, the issue will feature at the top of the agenda when OECD meets in Paris to discuss state subsidies. But the South Korean government is allegedly unwilling to change course when it comes to supporting the country's vital shipbuilding sector.
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