Marine Industry 4.0 - South Korea
Market Intelligence Report 2021 Launch Webinar)
South Korea is making huge investments in digitalisation and decarbonisation across the marine sectors of shipbuilding, ports, and offshore energy.
Korea’s shipbuilding industry will grow by 50% to £30.1bn by 2030 from £20.8bn in 2019. The country is already a global leader in shipbuilding and investing billions in eco-friendly, smart ship technologies in an effort to stay ahead in the global industry.
The Korean government announced a £102.5bn package of investments in economic, environmental, and social reforms, targeting digitalisation and green technologies, called the Korean New Deal. As part of the New Deal, the government earmarked £99.4m to develop and commercialise smart technology for ships and ports.
Offshore wind, tidal and wave energy projects together form a major part of Korea’s ambitious renewable energy plans, which should further boost Korea’s marine economy over the coming decade.
All these investments, part of a national growth strategy based on the so-called Fourth Industrial Revolution (4IR) technologies, present strong opportunities for British companies with innovative technologies in the marine industry.
- Date: Thursday 22 April 2021
- Time: 09:30 – 10:30am (UK Time) / 17:30 – 18:30 pm (KOR Time)
- Moderator: Mike Welch, DIT Country Director, British Embassy Seoul
- Webinar Tool: Zoom (link will be provided prior to the event)
- Cost: Free
Organised in partnership with:
Intralink is an international business development and innovation consultancy with a deep specialism in East Asia. We enable:
- western companies to expand in Asia
- Asian corporates to collaborate with global innovators
- government organisations to grow their regions' exports and attract foreign investment
With 90 full-time employees, a 30-year track record and offices in China, Japan, South Korea, Taiwan, the United States, the UK, France and Poland, we make your international expansion fast, easy and cost effective.
We’re proud winners of The Queen’s Award for Enterprise and the President's E Award for Export Service for helping companies like yours with their international business growth.
Programme (Subject to change)
Mike Welch, DIT Country Director
British Embassy Seoul
Graham Stuart, Minister for Exports
Department for International Trade(DIT)
Byeong-cheol Lee, Executive Vice Chairman
Korea Offshore & Shipbuilding Association (KOSHIPA)
Marine Industry 4.0 - South Korea: Opportunities for UK Companies
Adeel Ahmad, Project Director
To see the slide show presentation please click here.