KOBC - South Korea's shipping cash point

摘要

Anxious to revive an industry that employs thousands of South Koreans, President Moon Jae-in's administration launched a Five-Year Plan in April 2018, precipitating the establishment of Korea Ocean Business Corporation (KOBC). KOBC replaced and combined the functions of three existing bodies that were set up by previous governments to develop the local shipping and shipbuilding industries, namely Korea Maritime Guarantee Insurance, Korea Shipping and Maritime Transportation, and Maritime Exchange Information Center.