50 000 Won Shipbuilding industry

South Korea's shipbuilding sector accounts for roughly a third of global vessel output by tonnage, a dominance built on deliberate state direction beginning in the 1970s under Park Chung-hee's Heavy and Chemical Industry drive. The Hyundai Heavy Industries yard at Ulsan — largest in the world by construction berth — was itself founded on borrowed capital and government guarantees, a calculated industrial bet that took less than a decade to pay off.