South Korea and the Development of Offshore Shipbuilding in the Russian Far East
... understanding with Russia establishing a joint port in the Arctic Ocean [17] . In May 2013, Korea obtained the status of an observer at the Arctic Council. Problems of Russian Shipbuilding and the Russian Federation’s Interest in Cooperation with South Korea Shipbuilding in the Russian Far East is characterized by a lack of modern shipyards and obsolete fixed assets. Technological backwardness is evident in vessels being built to designs from the 1960s and 1970s. The industry’s development in the region ...