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Korea looks to western engineering expertise

South Korea has become an international shipbuilding power-house – a name-plate for dozens of global mega-projects stretching from New Foundland to Australia.

What is described as “the largest fabrication facility in the world” is in fact a relatively small country that has risen to punch way above its weight. By population, Korea is the 24th largest country in the world. By GDP it is the 15th, and, according to Eugene Seo, from Kotra, a Korean inward investment organization, it is the 10th biggest trading country in the world. Korea’s Samsung sits at 14 in the Fortune Global 500 rankings, which also lists a further 13 Korean firms.

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