South Korean naval shipbuilders may have achieved success over the past decade by competing primarily on cost. However, the strategy of pricing products significantly below that of rival shipyards in Western Europe may not be sustainable in the long term given the emergence across the Asia-Pacific region of naval shipbuilders that can operate at a significantly lower cost. Some of these emerging shipyards, such as Indonesia's PT PAL and China's CSOC, have already found success in taking on international naval contracts and may make further in-roads globally, considering the strong government support in their respective countries to do so - indeed, support such as the South Korean yards have had.
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