‘It takes time’: China’s shipping edge likely safe from South Korean investments

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As the US seeks to curb China’s shipbuilding dominance, South Korea is looking to capitalise by expanding its overseas footprint through shipyard investments in the Philippines and Vietnam.Analysts said South Korean shipbuilders may view the move as a way to tackle constraints that have diminished their competitiveness against China, such as limited capacity, labour shortages and tensions with domestic trade unions.Shifting operations to Southeast Asia, where labour costs are lower, could...