In the case of continued decline in the performance of the shipbuilding industry, large shipyards in South Korea have invested heavily in research and development projects (R&D) and are technically competitive.
According to the Korean industry, Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding and other large South Korean shipyards invested about 468.5 billion won (about 400 million U.S. dollars) in research and development in 2011, compared with 406.3 billion won last year. Compared to the increase of about 15%. Last year, Hyundai Heavy Industries invested a total of 232.4 billion won (up 19% year-on-year) in high-value-added ships, marine equipment, main engines, and wind and solar energy, and conducted research and development projects. Hyundai Heavy Industries also plans to invest a large amount of R&D projects this year in order to expand its distance from its competitors. This year, the investment in facilities and R&D will amount to about 1 trillion won.
Samsung Heavy Industries invested a total of 133.6 billion won in 2011 (up 9% year-on-year), which accounted for 1% of all sales. In addition, Daewoo Shipbuilding Marine invested a total of 120 billion won in shipbuilding and marine installations (up 17% year-on-year)
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