Samsung Heavy Industries Co Ltd (SHI) is a shipbuilding and construction company. The company undertakes the construction of drillships, floating production, storage and offloading (FPSO) and floating LNG (FLNG), liquefied natural gas (LNG) carriers, LNG floating storage regasification units (LNG FSRU), fuel gas supply and storage systems, and ballast water management systems. SHI also offers ship-related engineering services, facility development and digital shipbuilding system development activities.

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The company has multiple R&D centers across the country. The Geojae, Daejeon, and Pangyo R&D Center sections work to improve the company's technological competitiveness through specialized strategic R&D, while the Central Research Institute leads research and development for high added value ships and offshore plant technologies. Samsung Heavy Industries keeps up its ongoing R&D efforts and infrastructure expansion in order to deliver the essential high-quality product performance to satisfy client needs. The company also focuses on development of new product and technology and introduced various methodologies and technologies such as block erection methodology, dual lifting methodology, and welding method. In FY2022, the company reported KRW60.9 billion in research and development expenditure, which grew 19.7% YoY. As of December 2022, the company had 250 patents, six utility models, 21 designs and eight trademarks and SW.