MANILA/SEOUL -- South Korea's largest shipbuilder is investing $230 million in a new facility in the Philippines, a country looking to capture business from Chinese shipyards hit by tensions between Beijing and the U.S.
Transportation
New Philippines shipyard poised to benefit from US-China maritime rivalry
HD Hyundai sees growth opportunity as Manila, Washington both seek to revive industry
Philippine President Ferdinand Marcos Jr., right, attended a ceremony to open HD Hyundai's new shipyard in early September. (Office of the President of the Philippines)
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