South Korea is to provide more cash to support its shipbuilding sector.

The industry ministry said on Wednesday it would spend KRW 70bn ($61m) to support shipyards, according to the Yonhap news agency.

The new money will be earmarked for developing eco-vessels like those powered by LNG.

It follows measures announced in November to create a KRW 1.7 trillion fund to support yards and to invest KRW 2.8