Japan aims to sink South Korea's support for ailing shipbuilder

Festering feud between Tokyo and Seoul over Daewoo looks headed to WTO for settlement

20181119 Daewoo ALT MAIN.jpg

Daewoo Shipbuilding & Marine Engineering's Okpo shipyard may see a slowdown if the WTO rules in Japan's favor over South Korean government subsidies to domestic builders.

KUNIO SAIJO, Nikkei senior staff writer

TOKYO -- Japan is trying to resolve its shipbuilding subsidy feud with South Korea in accordance with the World Trade Organization's dispute settlement mechanism.

Tokyo claims Seoul's aid for struggling domestic shipbuilder Daewoo Shipbuilding & Marine Engineering is distorting the global shipbuilding market and could prolong the current glut of vessels.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.