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Tag: Keumha Naval Technology

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South Korean Authorities Raise Security, Economic Concerns Over Private Sector Work With Taiwan

South Korean authorities said marine engineering company SI Innotec’s $12 million contract to supply equipment to a Taiwanese shipbuilder posed a national security threat because it might trigger economic sanctions from its top trading partner, China, which claims Taiwan as its territory. According to a Feb. 17, 2022, police affidavit obtained by Reuters, SI Innotec’s...