Korea-U.S. Shipbuilding Project MASGA Takes Center Stage in Trade Negotiations

In a significant development in Korea-U.S. trade relations, Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol highlighted the MASGA (Make American Shipbuilding Great Again) project as a pivotal element in concluding the recent trade negotiations. The project, valued at $150 billion (approximately 209 trillion won), is poised to redefine the shipbuilding landscape between the two nations.

Comprehensive Collaboration to Revitalize U.S. Shipbuilding

The MASGA project encompasses a wide range of initiatives, including the construction of new shipyards in the United States, training for shipbuilding personnel, and the rebuilding of shipbuilding-related supply chains. Deputy Prime Minister Koo emphasized the project's potential to create new opportunities and growth momentum, leveraging Korea's world-class ship design and construction capabilities.

High-Level Endorsement and Forward Momentum

President Donald Trump's appreciation for the Korean shipbuilding industry's capabilities was noted, with a call to expedite the project to commence ship construction in the U.S. as swiftly as possible. This collaboration marks a milestone in Korea-U.S. trade relations, promising mutual benefits and a strengthened partnership in the shipbuilding sector.