[Korea Selected financial newspaper reporters - showed that become increasingly worsening impact of the sluggish shipbuilding industry in Ulsan, South Jeolla local economy.
Bank of Korea on the 27th released "Regional Economic Report of the 'Ulsan, Jeonnam shipbuilding plan Situation and Development' as long Mokpo headquarters in the report conductive pan exaggerated, Ulsan headquarters Cho Dongae josayeok is' employment For high Shipbuilding share Ulsan and South Jeolla region the shipbuilding industry has been weak, such as the situation worsened and consumption indicators fell deepen the negative impact on the local economy, and analyzed.
According to the report, domestic ship new orders has continued to decline since 2013. Last year, 1-10 decreased by 84.5% yoy during the month, particularly the period rigs, including marine plants, such as new orders were nil.
In the case of Ulsan, a high proportion of medium and large equipment makers supply ship blocks to large shipbuilders Hyundai Heavy Industries, Hyundai Mipo Dockyard with these companies.
On the other hand, there are many small Jeonnam Province small and medium sized companies that produce it on a large delivery companies, such as small and medium-sized shipbuilder Hyundai Samho Heavy Industries and simple assembly.
Restructuring in the shipbuilding industry in Ulsan has worsened the employment situation. Insured unemployment insurance in the shipbuilding sector in Ulsan region fell 16.6% YoY in October last year, the unemployment rate is the average premium for 2011 to 2.6% in 2015 to 3.8% in 2016.
The report said, "My main industries of Ulsan shipbuilding market slump is having an effect on sluggish sales of large retailers such as consumption-related indicators in my area consumer sentiment.
Chonnam area also shows a similar pattern, and Ulsan. In the center of Chonnam seonamgwon the shipbuilder it had regular employment Moline manufacturer and a major shipbuilders 18.9% decrease YoY (23,000 people) in 19,000 people in October last year. Chebulaek wage for employees was also increased in 2015 compared with 2.2 billion won to 18.9 billion won from January to October last year.
The report highlights the case of large shipyards, ship-effective relocation of production bases, risk management, and future growth, such as promotion management strategy ", in the case of medium-sized shipbuilders' potential for growth and the need to dry the high pleasure craft seeking diversification.
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