Korea strengthens shipbuilding alliances with US, Canada

Seoul strengthened partnerships with Washington and Ottawa in the shipbuilding sector following Industry Minister Kim Jung-kwan’s weeklong visit to North America. While discussing Korea’s plan to invest $350 billion in the United States in exchange for tariff reductions, Kim also appears to have sought to persuade lawmakers there of the need for the ongoing investigation into Coupang. The Ministry of Trade, Industry and Resources said Sunday that Kim held in-depth discussions with U.S. Commerce Secretary Howard Lutnick on details of strategic investment projects in American industries and explained Korea’s legislation for a special law to support the initiative. The two governments also signed a memorandum of understanding to expand bilateral shipbuilding cooperation by opening the Korea-U.S. Shipbuilding Partnership Center in Washington later this year to support collaboration among government, industry and research institutions in both countries. Still, it remains unclear which U.S. project will be Korea’s first investment target. Before Kim’s departure, reports suggested thatWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times