When Hanjin Shipping, the nation's No. 1 and the world's 7th largest shipping company, went bankrupt in February 2016, a red flag was raised for South Korea's maritime industry. With the unprecedented logistics crisis brought on by the COVID-19 pandemic, the export front driving the Korean economy is in a state of emergency. How far will the endless dominance of Denmark's Maersk, which led the deadly 'chicken game' in the past, continue? South Korea, aiming to rebuild its shipping industry with the '5-Year Plan for Maritime Reconstruction' in April 2018 and HMM's order for 12 of the world's largest 24,000 TEU container ships, begins a naval battle towards becoming a maritime powerhouse.