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Status, Prospects and International Competitiveness of Korean Marine Equipment Industry in 2010? In Korean shipbuilding equipment industry, 'Spring and Autumn Period' is really sustainable for a long time?

In Korean shipbuilding equipment industry, 'Spring and Autumn Period' is really sustainable for a long time? Having lived on the peninsula surrounded on three sides by the sea, we was actively participating maritime activities and were proficient in boat building since ancient times. In our history that Silla, Chang pogo Ambassador, Goryo, Choe museon, Chosun, Lee sunshin was active in the sea, great vessels such as the riding turtle or so have emerged, which were made when attacking Japan by uniting with Yuan. By being revived an old tradition today, we are now leading 'Shipbuilding' in the world. It is never accidental, but the result of the product of hard work steadily for a long time since the introduction of a new shipbuilding technology. At this point the title is renowned as a world-class, it should be reconsidered carefully for whether the Korean shipbuilding industry is also the world best. In vessels, the performance and quality vary according to the configuration of the accessories as well as hulls. All products in the vessels are made from a bolt, a thin iron and sheets assembled together to produce only one product. With hoping to make out equipment products with superior materials and technology in the fields of shipbuilding industry, it refocuses on the Korean marine equipment industry.

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1. Importance of Korean marine equipment industry Table 1. Top 10 export items of Korea (Unit: $ a million) ¡á Source: The Korea National Statistical Office (export customs clearance data) 2. Current status of Korean marine equipment industry (1) Market size of Korean marine equipment industry Table 2. The export and import statistics of vessels and water construction (Unit: $ a thousand / %) ¡á Source: The Korea International Trade Association export and import statistics (HSK code 89) Figure 1. Contracting, Deliveries, Orderbook in Korea ¡á Source: Korea Shipbuilders' Association Table 3. New Contracting by Korean Shipbuilders in 2009 (including offshore and non-shipbuilding sectors) ¡á Source: Jan 2010 (2) Impact on the Korean marine equipment industry due to trends in international agreements Figure 2. Projected estimate of distribution of marine equipment businesses in Korea 2006 ¡á Source: The Korea National Statistical Office, the Korea Institute for Industrial Economics and Trade (KIET), Hana Institute of Finance, 2007 Figure 3. The export and import rate by marine equipment items ¡á Source: Nov 2008 (Data : Korea Marine Equipment Association) 3. Views for the Korean marine equipment industry 4. Conclusion Currently, Korean shipbuilding and marine equipment industry is also showing troubling situation. In spite of numerous competition and strife, even in that situation, number of companies exist obviously being proud of the outstanding quality and compelling technologies, and the number would be increased in the future. It says that one hundred sheep herds under the control of a lion win one hundred lions under a sheep. It expresses the importance of the leading position. For us, if there is the 'luxury' brand for the field for each of the shipbuilding industry, excavation of overseas markets raised as the problem would be more easy to be gotten out. But to be importance is that who got the first flag on it. South Korea people have unique and creative ideas and diligence. Therefore, Korea having suffered from continuous ordeal would have had shines as a leading position for shipbuilding and marine equipment in anywhere in the world. ¡á References Korea Shipbuilders' Association (www.koshipa.or.kr) Busan Marine Equipment Association (www.bmea.or.kr) The Korea National Statistical Office (www.kostat.go.kr) The Korea International Trade Association (www.kita.net) China Statistical Book < Marine and Shipbuilding Monthly > Nov 2008, Jan 2010 Korea Marine Equipment Association (www.komarine.or.kr)

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