The Korean Reinsurance Company and other marine insurers are keeping a close eye on the ongoing tensions between the United States and Iran as they face worsening profitability.
Demand for electronic components used in Internet-of-Things devices drove exponential growth in trade.
BP and Lotte have agreed a major expansion of production capacity at their joint venture facility in Ulsan, South Korea.
OECD says Korea must enhance detection and reinforce sanctions to boost foreign bribery enforcement.
Over 90 percent of the global trade is carried across ocean. However, the maritime industry is also prone to rampant corruption.