There are several good hunting grounds in fact. As mentioned, Yellow Sea and Sea of Japan are nice but if you don't mind a bit more dangerous area as well, the area between Kyushu and Luzon Straits is packed enough of ships for you to throw boots at them. There are those small islands with one that has several ports on it. Liners, task forces, convoys. singles - they're all there within about 200km from the isles South- SouthEast. The bad news is that they're more heavily guarded ( a TF of one or two liners plus four escorts is common) and the air cover is borderline ridiculous sometimes. But if you play your cards properly, stay off the deck gun and don't let anyone see you and the prize can be very good indeed.
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