Marine Industry 4.0 – South Korea Market Intelligence Report 2021 Launch Webinar

Event Date:
Start at 9:30 AM
April 22, 2021

The Department for International Trade (DIT) Seoul, in partnership with international business development consultancy Intralink, is organising a webinar to discuss ‘Marine Industry 4.0 – South Korea: Opportunities for UK Companies’. Intralink’s Adeel Ahmad, Project Director based in Seoul, has been working with the DIT Seoul team to explore the opportunities for UK businesses in the country’s marine industry and will present his findings.

Why Korea?

South Korea is making huge investments in digitalisation and decarbonisation across the marine sectors of shipbuilding, ports, and offshore energy.

Korea’s shipbuilding industry will grow by 50% to £30.1bn by 2030 from £20.8bn in 2019. The country is already a global leader in shipbuilding and investing billions in eco-friendly, smart ship technologies in an effort to stay ahead in the global industry.

The Korean government announced a £102.5bn package of investments in economic, environmental, and social reforms, targeting digitalisation and green technologies, called the Korean New Deal. As part of the New Deal, the government earmarked £99.4m to develop and commercialise smart technology for ships and ports.

Offshore wind, tidal and wave energy projects together form a major part of Korea’s ambitious renewable energy plans, which should further boost Korea’s marine economy over the coming decade.

All these investments, part of a national growth strategy based on the so-called Fourth Industrial Revolution (4IR) technologies, present strong opportunities for British companies with innovative technologies in the marine industry.

  • Date: Thursday 22 April 2021
  • Time: 09:30 – 10:30am (UK Time) / 17:30 – 18:30 pm (KOR Time)
  • Moderator: Mike Welch, DIT Country Director, British Embassy Seoul
  • Webinar Tool: Zoom (link will be provided prior to the event)
  • Cost: Free