 The Hanjin Group has a US$1 billion shipbuilding project at Subic which was estimated to comprise almost a third of total South Korean FDI in the Philippines in 2007 and was at the time the world's fourth largest shipyard.Hanjin have been praised by the government for their generation of employment.In 2012 and 2013 they are expected to add another 5,000 jobs to their workforce.