Hyundai Heavy Industries is pumping over $13m into a small businesses fund in the hope of buying back manufactured goods.
The South Korean yard group has teamed up with the country’s government in launching the research and development fund to support domestic manufacturing.
The total spend on the R&D fund is KRW 30bn ($26.83m) with the world’s largest shipbuilder and the Small & Medium Business Administration each contributing an equal share.
“Under
