South Korea to bolster coast guard
The Korea Coast Guard (KCG) has unveiled a plan to bolster its fleet and improve maritime security in waters surrounding South Korea.
The initiative first released in September will also boost domestic shipbuilding, with a master plan for 30 new vessels. Seoul will spend KRW440.9 billion ($376.8 million) on small and large boats to be built from 2017-20.
Of this figure, seven will be new hulls to increase the size of the KCG fleet, while the others are all replacements for those being decommissioned.
For example, Kangnam Corporation announced on 31 October that it had been awarded a contract for
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