“The Republic of Korea and the United States have officially launched the Korea–U.S. Shipbuilding Partnership Center (KUSPC) in Washington, D.C., establishing a new hub intended to accelerate joint efforts to rebuild the U.S. shipbuilding industry through investment, technology transfer, workforce development, and research collaboration.”
“Around 130 government and industry representatives attended the ceremony, including Acting U.S. Navy Secretary Hung Cao, U.S. Maritime Administration officials, lawmakers from both countries, and executives from South Korea’s leading shipbuilders, including HD Hyundai, Hanwha Ocean, Samsung Heavy Industries, and HJ Shipbuilding & Construction.”
“The launch of KUSPC marks the next phase of the Korea–U.S. Maritime and Shipbuilding Growth Alliance (MASGA), the $150 billion partnership announced in July 2025 as part of a broader U.S.-South Korea trade agreement.”
“The opening ceremony also featured the signing of 15 memoranda of understanding between Korean and U.S. companies and institutions spanning four areas: industrial cooperation, supply chains, workforce development, and joint research.”
“Among the most significant agreements, HD Hyundai Heavy Industries, Hanwha Ocean, Samsung Heavy Industries, the Korea Offshore & Shipbuilding Association (KOSHIPA), the Korea Research Institute of Ships & Ocean Engineering (KRISO), and KUSPC formed ‘Team Korea,’ a coordinated effort to help modernize U.S. shipyards, develop domestic supplier networks, and support Korean companies entering the American market…”