HD Hyundai Heavy Industries Launches Shipbuilding Operations in the Philippines On 23 January 2023, HD Hyundai Heavy Industries , a prominent South Korean shipbuilder, officially launched its shipbuilding operations in Subic, Zambales, Philippines, with a ceremonial steel-cutting event. The event was attended by Philippine President Ferdinand Marcos Jr., alongside key officials including Transportation Acting Secretary Giovanni Lopez and Special Assistant to the President for Investment and Economic Affairs Frederick Go. This launch signifies the revival of large-scale shipbuilding in the country. The collaboration is a testament to HD Hyundai's appreciation of the Philippine government's supportive policies, facilitating the company's entry into the local shipbuilding sector. This event is also part of a broader partnership between HD Hyundai and the US firm Cerberus, announced by President Marcos in May 2024, aimed at rejuvenating Subic's shipbuilding and maritime industries. The inaugural vessel construction is expected to advance the Philippines' standing in the global maritime industry, with future milestones anticipated.