SEOUL -- Hyundai Heavy Industries will spend 3.5 trillion won ($3.11 billion) on research and development over the next five years, hoping to navigate growing competition in the industry by developing eco-friendly vessels and smart shipyards.
Business
Hyundai Heavy en route to triple R&D spending
South Korean ship builder to spend $3.1bn on eco-friendly vessels, smart production
Hoping to keep its business afloat, Hyundai Heavy is boosting its R&D spending.
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