At Hyundai Heavy Industries, innovation is an integral part of our corporate DNA. On average, our research organization has well over 1,100 projects underway at any given time. Augmented by institutes in Hungary and China as well as a growing number of international partnerships, our four Korea-based research institutes are the creative dynamos that have helped us achieve a top-five global market share in 31 product categories to date, including two in 2010. Our goal is to expand this number to 35 categories in 2011.
In 2010, we invested KRW 187 billion in R&D. We plan to invest KRW 295 billion in 2011-a 58% increase and the equivalent of 1.1% of our projected sales-as we continue to innovate to enhance our global competitiveness.