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Manager at Seoul fund pessimistic about country's shipping industry

Kamco exec points to oversupply of ships, difficulty in getting loans from credit market, lack of bank investment


ALFRED Kim, the man in charge of helping salvage South Korea's shipping industry at the state-funded bad loan company, does not sound too optimistic.

"Nobody knows what the future is like as the shipping industry is still facing a tough time now," he said. Mr Kim is