South Korea wants to modernize the US navy
South Korea proposed a shipbuilding project worth tens of trillions of won to US during the tariff negotiations, Yonhap News says, citing unidentified sources.
South Korea’s Industry Minister Kim Jung-kwan explained the shipbuilding industry cooperation proposal, the so-called “Make American Shipbuilding Great Again (MASGA),” during the negotiations held at US Commerce Secretary Howard Lutnick’s residence in New York on July 25
The project, named after adding “shipbuilding” to US President Donald Trump’s signature slogan of MAGA, is comprised of a package that includes large-scale investment in US by Korean shipbuilders and financial support such as loans and guarantees
(source Bloomberg)
South Korea wants to modernize the US navy
South Korea proposed a shipbuilding project worth tens of trillions of won to US during the tariff negotiations, Yonhap News says, citing unidentified sources.
South Korea’s Industry Minister Kim Jung-kwan explained the shipbuilding…
— zerohedge (@zerohedge) July 28, 2025
"Make American Shipbuilding Great Again," touted South Korean President Lee Jae Myung, as one of his nation’s major shipbuilders, Hanwha Ocean, says it will invest $5 billion to expand capacity at a recently acquired U.S. facility.https://t.co/QmBKtuqDgk
— Nikkei Asia (@NikkeiAsia) August 27, 2025
HD Hyundai announced that it has signed a MOU for the Establishment of a Korea-U.S. Shipbuilding Industry Joint Investment Program’ with Cerberus Capital and the Korea Development Bank in the frame of #MASGA (Make American Shipbuilding Great Again)🇰🇷🇺🇸https://t.co/BTOEe8hpBH
— Naval News (@navalnewscom) August 26, 2025