Seoul: South Korea's oceans ministry announced plans to address uncertainties in the global shipping industry to maintain momentum in the nation's exports this year. The Ministry of Oceans and Fisheries shared its strategic approach during a policy briefing to acting President Choi Sang-mok.
According to Yonhap News Agency, the ministry intends to support South Korean shippers by securing additional vessels and diversifying shipping routes in response to the reshuffling of the global shipping network. Measures include deploying more ships and providing cargo space for small and medium-sized enterprises if major shipping routes face disruptions.
A preliminary feasibility study for developing fully autonomous ships was also announced. The ministry plans to offer financial support to shipping firms to expand their fleet of eco-friendly vessels, aiming to increase their proportion from 7.8 percent to 10 percent this year.
The ministry aims to host the 10th Our Ocean Conference and the Asia-Pacific Economic Cooperation Ocean-Related Ministerial Meeting in 2025. "The meetings will help South Korea secure leadership in the global maritime sector and enhance its international reputation," the ministry stated.
Efforts to strengthen partnerships in the fisheries industry with key countries, such as the United States and Japan, are also part of the ministry's agenda. Additionally, the government plans to draft a blueprint for improving the management of the easternmost islets of Dokdo.
Oceans Minister Kang Do-hyung highlighted challenges facing the maritime industry, including logistics supply chain disruptions due to growing protectionism and seafood production instability caused by climate change. He emphasized the ministry's commitment to supporting efforts to revitalize the economy.