Shipyards lose nearly quarter of employment insurance policy holders in August: data
Sept 10, 2017
The number of workers covered by employment insurance declined sharply in the shipbuilding industry last month from a year earlier, government data showed Sunday, as yards undertake massive restructuring in the face of sluggish business conditions.South Korea's top three shipyards suffered a combined operating loss of 8.5 trillion won ($7.5 billion) in 2015 due largely to increased costs stemming from a delay in the construction of offshore facilities and an industrywide slump.South Korea, howev