Ex-Daewoo Shipbuilding chief also charged with issuing $25m in bribes

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By Gavin van Marle

26/01/2017

The turmoil in South Korea’s maritime industry continues. While the country struggles to make sure it has at least some form of container shipping service on which its largest exporters can depend, it now appears that the head of the DSME shipyard, where the 20 Maersk Triple-E vessels were built (and who was running the company as they were under construction), was involved in issuing some $25.5m of bribes, according to the Yonhap News Agency, acquaintances of former a Korea Development Bank head who is also facing corruption charges. It’s a messy, messy affair.

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Topics

DSME In the dock shipbuilding South Korea Harim Group-JKL Partners HMM Korea Development Bank (KDB) Korea Ocean Business Corporation (KOBC)

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