Monday, November 12, 2012

[Ship Building] Obama reelection, Good for Koreans?

Obama reelection, Good for Koreans?

President Barack Obama of the US' re-election will give positive effects on Korean industries with continued diplomacy and eliminated uncertainties.

Particularly, energy field will gain the biggest benefit. Obama administration announced its plans to cut down overall crude oil imports up to half, instead support alternative energy industries, such as wind power, solar power, biofuel, etc.

The US is expected to give spurs to shale gas development.

Korean government also focuses on shale gas development and domestic trading companies and energy companies are prospected to see momentum.

Korean shipyards also eye on new gas-related projects to build LNG carrier, offshore production facilities, etc.



Published : November 9, 2012


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