South Korean coastguard stabbed to death by a Chinese fisherman
A South Korean coastguard was stabbed to death by a Chinese fisherman on Monday in an operation to apprehend a Chinese vessel operating in South Korean waters, a South Korean official said.
Two South Koreans were stabbed in the operation off the west coast, the coastguard said.
There have been numerous cases of Chinese vessels straying into South Korean waters that have led to clashes.
S. Korea's container cargo handling rises 13.2 pct in July
Container cargo handled at South Korea's seaports rose 13.2 percent on-year in July amid the country's increasing trade, the government said Monday, Yonhap reports.
The amount of cargo handled at the country's seaports reached a new monthly high of 1.89 million 20-foot equivalent units (TEUs), compared with 1.67 million units a year earlier, according to the Ministry of Land, Transport and Maritime Affairs.
The July tally also marked the fifth consecutive month the amount of container cargo shipped in and out of the country's ports exceeded 1.8 million TEUs, the ministry said.
"Export-import cargo was earlier feared to decline due to fears of a double-dip recession in the United States and the spread of a financial crisis in Europe," the ministry said. "But it is now expected to continue growing in the second half as shipments to and from newly emerging markets, such as China and Russia, are increasing."
South Korea government to spend $39billion on port expansion
The South Korean government announced a plan to invest 41 trillion won ($38.9 billion) through 2020 to expand port infrastructure, news reports said Monday, Xinhua reports..
The Ministry of Land, Transport and Maritime Affairs said the investment will be used to build more piers at seaports in order to increase the country's annual cargo-processing capacity from 1.21 billion tons to 1.81 billion tons per year.
The ministry expects the plan will raise the added value of the port industry from 20 trillion won to 40 trillion won a year by 2020, while boosting the number of seaport jobs from the current 480,000 to 1 million during the same period.