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Korea’s Shipbuilders Eye U.S. Navy Contracts | South Korea News
South Korea’s top shipbuilders are eyeing a major new opportunity: partnering with the U.S. Navy to build warships and replenishment vessels, as Washington seeks to revitalize its shipbuilding industry amid rising competition from China. Following a landmark $350 billion investment pledge last year—including the MASGA initiative—U.S. defense officials have formally reached out to Korean giants like HD Hyundai, Hanwha Ocean, and Samsung Heavy Industries to assess their capabilities. This push comes after South Korea narrowly missed a $60 trillion submarine deal with Canada, seen as a strategic…
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