South Korea Invests $150 Billion to Modernize US Shipbuilding Capabilities
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South Korea Invests $150 Billion to Modernize US Shipbuilding Capabilities

South Korea has launched an initiative, dubbed 'Make American Shipbuilding Great Again' (Masga), to modernize U.S. shipbuilding capabilities. Following trade talks, South Korean conglomerates HD Hyundai and Samsung Heavy Industries committed $150 billion to this effort. This initiative highlights South Korea's significant shipbuilding prowess, which far exceeds that of the U.S., and aims to address issues within American shipbuilding programs. The move is seen as an example of a middle power using economic statecraft to advance its interests internationally.

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