South Korean hotspot
Jeju [NAVAL BASE]
It is among the world’s busiest shipping regions and the suspected home of vast oil and gas reserves. So it is perhaps little surprise that the South China Sea is also a hotbed of territorial conflict among powerful neighbours such as China, Japan and South Korea.
Now, however, South Korea is raising the stakes in terms of maritime power by pushing ahead with the construction of a new naval base with an arsenal of 20 state-of-the-art vessels on its southernmost island Jeju. The project is an ambitious €670m…