Article
Restructuring of the economy and its impacts on the Korean maritime industry
The Korean government has made many e orts to repair the damage done by the ® nancial crisis since November 1997. The restructuring programmes for the Korean economy, including chaebols’ (i.e. family-controlled conglomerates) restructuring, have impacted in many ways on the shipping, shipbuilding and port sectors. This is because major shipping lines, shipyards, and recent privatization and operation of container terminals have closely been related to chaebols. This paper is concerned with the impacts of the Korean ® nancial crisis on the shipping, shipbuilding, and port sector, with restructuring of the economy and chaebols.