South Korea and the US signed 15 MOUs on shipbuilding, supply chains, workforce training, and tech development
US keeps South Korea on FX monitoring list, signs shipbuilding deals
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Summary
In the presence of Kim and Lutnick, the two allies signed 15 MOUs in four areas: establishing "Team Korea" to promote the shared growth of the South Korea-US shipbuilding industries; strengthening supply chain cooperation; workforce training; and joint technology development. U.S. trading partners are put on the list when they meet two of the three criteria set by the U.S. Trade Facilitation and Trade Enforcement Act of 2015. South Korea was excluded from the list in November 2023 for the first time since April 2016 but was placed back on it in November 2024.
Furthermore, Senior officials and industry leaders from the two countries joined an event marking the opening of the Korea-US Shipbuilding Partnership Center, a platform to advance the "Make American Shipbuilding Great Again" initiative aimed at revitalizing America's shipbuilding industry.
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In the presence of Kim and Lutnick, the two allies signed 15 MOUs in four areas: establishing "Team Korea" to promote the shared growth of the South Korea-US shipbuilding industries; strengthening supply chain cooperation; workforce training; and joint technology development.
according to The Korea HeraldU.S. trading partners are put on the list when they meet two of the three criteria set by the U.S. Trade Facilitation and Trade Enforcement Act of 2015.
according to Yonhap NewsSouth Korea was excluded from the list in November 2023 for the first time since April 2016 but was placed back on it in November 2024.
according to Yonhap NewsSenior officials and industry leaders from the two countries joined an event marking the opening of the Korea-US Shipbuilding Partnership Center, a platform to advance the "Make American Shipbuilding Great Again" initiative aimed at revitalizing America's shipbuilding industry.
according to The Korea Herald
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