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How Korea, China, and Japan came to dominate the shipbuilding business… when labor is only 5~7% of the price of a large container ship…. submitted by /u/DokMabuseIsIn |
Why Only Three Countries — Korea, China, and Japan — Bother Building Ships Anymore
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Latest News from Korea
- Bio, semiconductor, content firms to reboot Korea’s IPO market
The Pinkfong Company, the creator of the billion-view video Baby Shark (File photo) South Korea’s initial public offering (IPO) market is set to regain momentum after the mid-autumn harvest festival holidays with biotechnology, semiconductor and content companies lined up to go public amid the booming local stock market. Twelve companies have submitted their securities registration statements to a financial watchdog… Read more: Bio, semiconductor, content firms to reboot Korea’s IPO market - Samsung Asset retains top rank on Q3 asset league table with $71 bn ETF portfolioSamsung Asset Management launches the world’s first US metaverse ETF on the Nasdaq in December 2021 South Korea’s asset management industry swelled in the third quarter, buoyed by a rally in domestic equities and surging investor demand for exchange-traded funds (ETFs). Samsung Asset Management Co. is poised to become the country’s first asset manager to surpass 100 trillion won ($71… Read more: Samsung Asset retains top rank on Q3 asset league table with $71 bn ETF portfolio
- China’s young consumers drive Korean health supplement boomGinseng and other health food account for a quarter of KT&G’s sales South Korea’s exports of health functional food or health supplements have surged sharply in recent months, fueled by Chinese millennials and Gen Z eager to emulate the looks and lifestyles of K-pop idols. Exports of products such as red ginseng tonics, vitamins and omega-3 capsules reached $43.9 million… Read more: China’s young consumers drive Korean health supplement boom
- Hyundai cuts IONIQ 5 prices in US to deal with end of EV tax subsidyThe Hyundai IONIQ 5 (Courtesy of Hyundai Motor America) Hyundai Motor Co., South Korea’s top automaker, on Wednesday lowered the prices of the IONIQ 5 lineup in the US to as automakers in the world’s third-largest electric vehicle market scrambled to deal with the Trump administration’s elimination of the tax credit benefit of up to $7,500 for EV buyers. Hyundai… Read more: Hyundai cuts IONIQ 5 prices in US to deal with end of EV tax subsidy
- Posco International builds Polish motor core plant; Mexico factory due by year-endPOSCO International holds a ceremony to mark the completion of its Polish drive motor core plant in Brzeg, Opole Region, Poland, on Oct. 1, 2025 POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., said on Thursday it has inaugurated its first European production base for electric vehicle components in Poland, stepping up… Read more: Posco International builds Polish motor core plant; Mexico factory due by year-end
Latest Entertainment from Korea
- XLOV 2026 European Tour LOVE&U Sells Out Fast; Fans Eager for UXLXVE Mini Album and Iconic Shows in London, Bucharest & SofiaPhoto Credits: 257 Entertainment Tickets for XLOV’s 2026 European tour have sold out in record time, signaling an unprecedented wave of fan enthusiasm across the continent, with venues experiencing full bookings within hours of release. The group’s high demand has led to venues in London, Bucharest, and Sofia upgrading their spaces—exceptionally, the Electric Ballroom in London now boasts a larger… Read more: XLOV 2026 European Tour LOVE&U Sells Out Fast; Fans Eager for UXLXVE Mini Album and Iconic Shows in London, Bucharest & Sofia
- TEMPEST Unveils Striking Concept Photos for 7th Mini Album ‘As I Am’ Showcasing Group Unity, Unit Charms, and Bold Fashion StatementsPhoto Credits: Yue Hua Entertainment TEMPEST has revealed the concept photos for their highly anticipated 7th mini album As I Am, instantly sparking excitement among fans worldwide. The group photo exudes a powerful sense of unity, blending contemporary styling with subtle hints of retro flair. Each member’s confident presence is amplified through carefully curated outfits, where bold textures meet refined silhouettes,… Read more: TEMPEST Unveils Striking Concept Photos for 7th Mini Album ‘As I Am’ Showcasing Group Unity, Unit Charms, and Bold Fashion Statements
- NMIXX Unveils Stunning “SPINNIN’ ON IT” Music Video With Bold Visuals and Fashion, Fan Reactions Praise Strong Vocals and ArtisticPhoto Credits: JYP Entertainment The music video for NMIXX’s “SPINNIN’ ON IT” immediately draws viewers into a visually compelling world where retro pop-rock flair meets sophisticated contemporary styling. With this release, the group continues its exploration of emotion-packed storytelling, interweaving energetic choreography with moments of cinematic stillness. The video’s focal scenes—most notably a dramatic cake-throwing moment—highlight the playful yet tumultuous… Read more: NMIXX Unveils Stunning “SPINNIN’ ON IT” Music Video With Bold Visuals and Fashion, Fan Reactions Praise Strong Vocals and Artistic
- AHOF Members Redefine Charisma and Modern Masculinity in Esquire Korea October 2025 Issue Pictorial PreviewPhoto Credits: Esquire Korea. F&F Entertainment The elegance of AHOF continues to evolve, and the October 2025 issue of Esquire Korea offers an intimate glimpse into that transformation. In this pictorial preview, the group experiments with a fusion of tailored sophistication and refined street sensibility, presenting an aesthetic that speaks to both contemporary fashion and emotional authenticity. Each member exudes a unique… Read more: AHOF Members Redefine Charisma and Modern Masculinity in Esquire Korea October 2025 Issue Pictorial Preview
- 82MAJOR’s Bold Fashion Evolution in ESQUIRE Korea October 2025 Pictorial Preview Sets Trends from Runway to StreetPhoto Credits: ESQUIRE Korea. Great M Entertainment “Where vulnerability meets edge, tomorrow’s icons are forged.” 82MAJOR’s pictorial preview for ESQUIRE Korea’s October 2025 issue is less a photoshoot and more a meticulously crafted fashion thesis—dramatized on the bodies of K-pop’s brightest new icons. Where typical editorials might trade in safe homage, this shoot carves out new ground: sculptural tailoring is… Read more: 82MAJOR’s Bold Fashion Evolution in ESQUIRE Korea October 2025 Pictorial Preview Sets Trends from Runway to Street
Learn People & History of Korea
- The Evolution of Busan: A Historical Journey Through South Korea’s Second Largest Metropolitan CityAncient Beginnings: The Founding of Busan Busan, known as the second largest metropolitan city in South Korea, has a rich history that dates back to ancient times. The earliest recorded existence of Busan can be traced to the Goryeo Dynasty, where it was referenced as a vital coastal settlement. Its strategic location along the southeastern coast of the Korean Peninsula… Read more: The Evolution of Busan: A Historical Journey Through South Korea’s Second Largest Metropolitan City
- The Evolution of Pyongyang: A Journey Through History, Economy, and Political DynamicsIntroduction to Pyongyang Pyongyang, the capital city of North Korea, serves as a prominent symbol of the nation’s history and culture. Geographically located on the banks of the Taedong River, in the southwest part of the country, Pyongyang is situated within a strategic area that has historically facilitated trade and cultural exchange. The city’s origins can be traced back to… Read more: The Evolution of Pyongyang: A Journey Through History, Economy, and Political Dynamics
- The Evolution of Seoul: From Ancient Korea to Modern Metropolis and BeyondAncient Beginnings: The Founding of Seoul The city of Seoul, known today as the vibrant capital of South Korea, has ancient roots that trace back to the Three Kingdoms period of Korea, specifically the kingdoms of Baekje and Silla. Evidence suggests that Seoul was originally established as a settlement given its strategic geographical advantages. Nestled within the Han River basin,… Read more: The Evolution of Seoul: From Ancient Korea to Modern Metropolis and Beyond
- Exploring Korean Traditional Games in Squid Game: From Season 2 to Upcoming Season 3Introduction to Korean Traditional Games Korean traditional games have long been an integral part of the country’s cultural landscape, offering more than mere entertainment. These games, which range from simple children’s pastimes to complex community activities, hold significant cultural significance and often serve as a means of preserving history and promoting social interaction. Rooted in centuries of tradition, these games… Read more: Exploring Korean Traditional Games in Squid Game: From Season 2 to Upcoming Season 3
- Unveiling the Past and Present of Saju: The Art of Korean Fortune TellingIntroduction to Saju Saju, a traditional Korean fortune-telling practice, is an intricate art that seeks to interpret an individual’s fate based on their birth date and time. The term “Saju” translates to “four pillars” in English, referring to the four critical components derived from these time markers: year, month, day, and hour. This method holds significant cultural value within South… Read more: Unveiling the Past and Present of Saju: The Art of Korean Fortune Telling
