"5조원 날리고도 왜 안 접었나" 삼성중공업, 바다 위 LNG 공장으로 세계 1위 된 이유

“Why didn’t they give up even after losing 5 trillion won?” Despite enduring eight consecutive years of deficits and massive losses, Samsung Heavy Industries did not abandon its floating LNG plants. How did offshore plant technology, once a symbol of failure, propel Samsung Heavy Industries to the world’s number one position? Samsung Heavy Industries paid a heavy price, from taking on reckless offshore plant orders during an era of high oil prices, to a lack of design experience, repeated process changes, and the oil price crash of 2014. However, the experience gained from the Prelude FLNG and Coral FLNG projects left behind design capabilities, process management skills that money cannot buy in a single moment, and the trust of the clients. In this video, we trace the reasons why Samsung Heavy Industries held onto its floating LNG plants until the very end, after enduring a winter of eight years of deficits and accumulated losses amounting to 5 trillion won. How did the choice to distinguish between methods to discard and technologies to preserve to the end—rather than simply abandoning a failed business—become a massive barrier to entry in the global FLNG market? We examine the FLNG market, where trillions of won are at stake for a single unit, Samsung Heavy Industries' dramatic turnaround, and the cold, hard principles of industrial competition that turn failure into technology. ⏱️ TIMELINE 00:00 Why Didn't They Shut Down Even After Losing 5 Trillion Won? Samsung Heavy Industries' 8 Years of Deficits 03:42 Why the Golden Market for Offshore Plants Collapsed Due to a 5 Trillion Won Loss 08:15 Oil Price Crash and Low-Price Orders: The Crisis Hitting the Korean Shipbuilding Industry 12:36 FLNG, the Floating LNG Plant: The Final Technology Found Amidst Failure 17:05 The World's Largest Prelude FLNG and the Too High Tuition 21:38 Coral FLNG and Track Records: Technology Money Can't Buy 25:58 A Profit After 9 Years: Why Samsung Heavy Industries Became the World's No. 1 30:07 Dominating the Global FLNG Market: The Entry Barrier Created by the 5 Trillion Won Failure 34:20 The Final Lesson Left by Samsung Heavy Industries' Great Turnaround Do you view the 5 trillion won loss as a simple failure, or as a lesson too expensive to pay to become the world's No. 1? Please leave your thoughts in the comments. If you want to continue seeing the hidden economic stories of South Korea's industries and companies, please join us by subscribing and liking. #flng #lng #SamsungHeavyIndustries #Shipbuilding #OffshorePlant