S. Korean shipbuilders' exports forecast to rise 22 pct this year

South Korean shipyards are expected to see their exports rise 22 percent this year because of continuous demand for high-priced ships and other products, a trade association said Thursday.

According to the Korea Shipbuilders' Association, local shipbuilders are forecast to export US$27 billion worth of products this year, compared with last year's estimated $22.1 billion.