Finland and South Korea to pump massive sums into their national shipping sectors

Finland as well as South Korea are ready with large-scale bailout packages to the countries' shipping companies and yards, which are hit by the coronavirus crisis.

Photo: Kim Dong-min/Yonhap via AP/Ritzau Scanpix

Finland and South Korea will provide massive bailout packages for their shipping companies and yards, which are hit hard by the coronavirus crisis.

The EU Commission has now approved a plan from Finland that will support the country's shipping companies, which are impacted by the virus outbreak, with EUR 600 million.

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