South Korea – an interesting market for European companies

South Korea – an interesting market for European companies

26 April 2024 — Korean economy shows a slightly slower growth in recent years. However, it remains one of the major economic forces in the world. With the rise of Korean culture, more foreign companies are getting familiar with Korea. Similarly, young Korean companies are networking more with foreign businesses. These trends make Korea increasingly interesting and accessible for international and especially European businesses.

Korean economy and the role of its SMEs

Korean economy and the role of its SMEs

8 March 2024 — The need for Korean SMEs expanding within the domestic industrial framework and venturing into international markets has become increasingly important to the country's economy today. To achieve realistic success in overseas markets, SME companies need to carefully analyze the local market, while seeking to receive proper support to surpass culture and language barriers.

China's landmark for the shipbuilding sector with its first cruise ship setting sail

China's landmark for the shipbuilding sector with its first cruise ship setting sail

15 January 2024 — Adora Magic City, China's first domestically built cruise ship, completed its first commercial voyage. As the vessel set sail, it signified China's capability to build mega-cruise ship and marked a significant milestone in the nation's maritime ambitions.

An emerging trend of compact luxury cruise ships in the marine industry

An emerging trend of compact luxury cruise ships in the marine industry

6 November 2023 — Several new cruise lines are adopting an underdog strategy, deviating from the trend of launching increasingly larger cruise ships with up to 10 000 people in passenger capacity. While giant ships are a short-term "cash cow" for operators, smaller ships are believed to have distinct long-term advantages.

China built its first cruise ship, initiating an ambitious plan to take a share of the multi-billion industry

China built its first cruise ship, initiating an ambitious plan to take a share of the multi-billion industry

6 October 2023 — After 3 years of hiatus caused by the COVID-19 restrictions, international cruise lines can now resume sailings from China. However, China has moved forward on a 10-year plan with its own cruise line, with the ambition to become a key player in this multi-billion-dollar industry.

Opportunities for Korean companies in the post-COVID international markets

Opportunities for Korean companies in the post-COVID international markets

4 October 2023 — Amidst the ongoing recovery from the profound ramifications from COVID-19, the global economy and the intricate web of global supply chains are going through a transformative phase. However, within these shifts lie many opportunities. For Korean enterprises, this phase presents the potential for fresh prospects beyond the borders.

New market entry - best practices and lessons learned

New market entry - best practices and lessons learned

2 February 2023 — In a series of webinars and lectures, we discuss how leveraging a systematic and structured methodology for international expansion and new market entry can increase chances of success.

China ambitions in cruise sets their agenda for full value chain – a potentially lucrative opportunity awaits

China ambitions in cruise sets their agenda for full value chain – a potentially lucrative opportunity awaits

22 December 2021 — Reddal was invited as a speaker to the Finnish Marine Industries Association (Meriteollisuus ry) international business session. We presented an update on the cruise ecosystem development in China, including views on cruise tourism, cruise ship building, and short- to mid-term opportunities.