May 29, 2018 / 12:30 AM / 5 months ago

S.Korea to designate key shipbuilding regions as 'industry crisis' zones -Yonhap

SEOUL, May 29 (Reuters) - South Korean Finance Minister Kim Dong-yeon said on Tuesday the government will designate key shipbuilding centres on the southeast coast as “industry crisis” zones eligible for support, Yonhap news reported.

The areas will include Dong-gu in the city of Ulsan and Geoje-si of Kyong-nam province, home to heavy shipping and shipbuilding companies, according to Yonhap.

The report did not provide details of specific government support.

Reporting by Cynthia Kim; Editing by Sam Holmes

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