S Korea vows to revamp shipping industry laws
[SEOUL] South Korea vowed to overhaul shipping industry regulations a day after the prime minister resigned amid growing anger at the government's handling of the nation's worst maritime disaster in four decades.
"We will study any structural problems in the shipping industry and overhaul its legal framework to prevent similar disasters," Justice Minister Hwang Kyo Ahn said in a parliament committee on Monday. "Given the public anger and the issue's seriousness, we will actively apply all laws to strictly punish those involved. The ferry's crew, operator and regulator face severe punishment over any wrongdoings."
Prime Minister Chung Hong Won resigned on Sunday as polls showed support for President Park Geun Hye and the ruling party slipping, and the country's major newspapers accused the government of mishandling its response to the tragedy. Victims' relatives shouted and threw water bottles at Mr Chung, who will remain in office until the government's response has concluded, as he visited them hours after the Sewol sank on April 16.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources
China’s electric cars keep improving, a worry for rivals elsewhere
Air Canada reports bigger loss than market expectations as costs rise
Maersk raises full-year profit guidance after strong quarter