South Korean President: Yard crisis threatens entire economy
Many people risk losing their jobs, but there is no way around the reforms a the struggling shipyards, says South Korea's President, Park Geun-Hye. The country's entire economy could be pulled down along the yards, she warns in a speech to Parliament.
BY NIKLAS KRIGSLUND
There are tough times ahead for South Korea's maritime industry as thousands of employees are at risk of losing their jobs in the time to come. But there is no way around the reforms.
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