![Jang Seob Yoon](https://cdn.statcdn.com/static/../CMS/contactperson/ERI2596_1599056597.jpg)
R&D expenses of Hanwha Ocean 2017-2023
In 2023, Hanwha Ocean's research and development (R&D) expenses amounted to approximately 76.2 billion South Korean won. Formerly known as Daewoo Shipbuilding & Marine Engineering, the company was acquired by the Hanwha Group and changed its name to Hanwha Ocean.