Due to continued recessive global shipbuilding market, Korean shipyards' facilities are successively set up for auctions.
A total of 1,203 products with appraised value reaching over KRW 3bn ($2.75m) were put up for auction during January-October period in 2012.
TKS Shipyard has put its land, yard facility and machinery totalling around KRW 68.4bn up for auction today.
Also, Samho Shipbuilding's plant in Geojae has been up for an auction, valued in around KRW 15.4bn.
Samho has been already put up for auction of its land, plant, machinery, etc., in early of this year.
Published : November 7, 2012
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