Seoul pledges $150bn investment in US shipbuilding revival under new trade deal
- South Korea and the US will launch a $150bn Shipbuilding Cooperation Fund as part of a newly reached trade deal
- The fund covers the entire industry ecosystem, including vessel construction, maintenance and equipment
- The partnership aims to combine Korean shipbuilding expertise with US technology and possibly to counter China’s dominance in the field
South Korea and the US will establish a co-operation fund with billions of dollars in investment under the ‘Make American Shipbuilding Great Again’ initiative
