The Korea Ocean Business Corporation plans to invest 3.4 trillion won this year to boost South Korea's ocean industry through financial support and digital transformation, Yonhap News reported Tuesday.
The investment comprises 2.1 trillion won for shipbuilding, 730 billion won for harbor logistics, and 340 billion won for environment-friendly vessels, the report said.
An additional 1 trillion won will go into the ocean ministry's crisis response fund, while 13 billion won will support an AI-based data platform. KOBC also aims to establish an international shipping exchange for carbon trading and green fuel transactions, it said.
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