South Korea and Japan at impasse on Hyundai-Daewoo merger

Seoul refutes Japan's objection to subsidies paid to offshore and marine contractors

Government subsidies: Daewoo Shipbuilding & Marine Engineering's yard on Geoje Island, South Korea
Government subsidies: Daewoo Shipbuilding & Marine Engineering's yard on Geoje Island, South KoreaPhoto: REUTERS/SCANPIX
Published 1 April 2020, 11:30Updated 1 April 2020, 11:30