49b-3-214
South Korea today is more of a whale than a shrimp in several global industries. In memory chips it is home to the world's biggest maker of flash memory (Samsung Electronics) and the two biggest makers of DRAM chips (Samsung and Hynix). It has the third-largest steelmaker (POSCO), the fifth-largest carmaker (Hyundai Motor), and the world's three biggest shipbuilders (Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding &Marine Engineering, or DSME). It is a leading producer of mobile handsets and of LCD screens for televisions, computers and much more.
Heavy industry, as Shaun Cochran of CLSA, a brokerage, puts it, is the country's 'sweet spot'. Take shipbuilding. As Hyundai's founder, Chong Ju-yung, was boasting posthumously in those television advertisements this summer, there was no shipbuilding industry in South Korea until the 1960s. When the country's dictator, Park Chung-hee, summoned Chong and told him to produce oil tankers, for which there was a sudden demand, Chong went straight to Greece and scooped up two contracts to build 260,000-tonne tankers, promising his customers delivery within two years, sooner than anyone else. He had neglected to mention that at that moment he lacked even a shipyard. He then waved the order in front of Barclays Bank, which lent him enough money to build a modern yard. No one in South Korea knew how to do that, so Chong dispatched 60 engineers to Scotland to learn. The ships were delivered before the deadline. This famous story, concedes Bruce Cumings of the University of Chicago in a refreshingly revisionist modern history, 'Korea's Place in the Sun', may be apocryphal in its details, yet it has a strong whiff of truth about it.

A. 어휘
more of a whale a shrimp 새우보다는 고래에 더 가깝다. brokerage 중매업자.
sweet spot (야구, 정구) 공이 잘 맞는 부분. founder 창업자, 설립자.
boast 자랑하다. posthumously 死後(사후)에. dictator 독재자. summon 호출하다.
oil tanker 油槽船(유조선). demand 주문. scoop up 퍼내다.
scooped up two contracts 두개의 계약을 성사시켰다. delivery 引渡(인도), 배달.
neglect 하지 않다, 태만히 하다. waved the order 주문서를 보여주며 흔들었다.
shipyard 造船所(조선소). dispatch 파견하다. concede 인정하다.
Bruce Cumings 한국을 비판하고 북한에 우호적인 미국의 좌익정치학자.
refreshingly 매우 새로운. revisionist 수정주의자.
apocryphal 作者(작자)나 典據(전거)가 의심스러운. in its details 細部的(세부적)으로는.
whiff 확 풍겨오는 냄새, 한번 훅 불기.

49b-4-215
The shipping forecast
Korea's three big shipbuilders are thriving. Competing fiercely against each other, though by unwritten agreement not for staff, their order books are nearly full up to 2013. South Korea has two-fifths of the world market in new ships (which account for 8% of its exports), whereas China and Japan have to make do with a quarter-share each.
Seen from a helicopter, the vast DSME yard at Okpo Koje island, near the south-eastern industrial port of Busan, looks impressive: great walls of steel rise up from the dry docks as enormous gantries offer up bows and other hull sections to assemble the world's biggest container ships, liquefied natural gas (LNG) carriers and giant floating depots for storing and processing offshore oil and gas. On the ground, all notions of human scale are lost.
DSME's chief executive, Nam Sang-tae, says that China is not a chief competitor, despite the state aid from which its shipbuilding industry has benefited. It cannot match South Korea for prompt delivery, and although Chinese shipyards offer low costs, they turn out relatively low-tech vessels, such as bulk carriers and run-of-the-mill oil tankers. South Korean yards are more interested in building, say, high-tech LNG carriers, which keep their cargo at -163ºC. A new type which Daewoo Shipbuilding was the first to build regasifies the methane before it is piped ashore. The design and manufacture of deep-sea rigs, much in demand now that many oil and gasfields on the world's continental shelves have been exploited, is even more challenging than building advanced ships, and offers higher profit marginsindeed DSME wants to operate as well as build specialised offshore oil rigs because oil companies pay such lucrative fees.

A. 어휘
thrive 번창하다. fiercely 맹렬하게. order book 주문대장. account for 담당하다.
make do 만족하다. a quarter-share 1/4의 占有率(점유율).
industrial port 工業港(공업항). enormous 거대한.
gantry [高架(고가) 이동 기중기 따위의] 받침대. offer up 바치다. bow 船首(선수).
hull 船體(선체). section [조립] 부분품. assemble 조립하다. liquefy 액화시키다.
depot 보관소, 창고. floating depot 浮動(부동) 창고.
floating depots for storing and processing offshore oil and gas 沿海(연해) 석유와 가스 저장 및 처리를 위한 浮動(부동)창고. chief executive 사장, 대통령, 행정장관.
state aid 국가보조. benefit 혜택을 보다. relatively 상대적으로. vessel 선박.
bulk 散積(산적)화물. bulk carrier 화물운반선. run-of-the-mill 보통의.
cargo 화물. regasfy 再(재) 液化(액화)하다.
deep-sea rig 深海(심해) 석유 試錐(시추)장비 continental shelves 大陸棚(대륙붕).
exploit 개발하다, 이용하다. lucrative 수지맞는, 이익이 되는.

B. 구문
- Competing fiercely . . . not for staff.
[成文化(성문화)하지 않은 협약에 의해서 직원확보에 대한 경쟁은 아니지만 서로 서로 맹렬하게 경쟁하면서]
- On the ground, all notions of human scale are lost.
[(거대한 크레인 위에서 내려다보면) 지상에서는, 인간의 크기에 대한 생각은 사라 져 버린다.]
- It cannot match South Korea for prompt delivery.
[신속한 제품 인도에 있어서 중국은 한국과 겨룰 수가 없다.]