Tag: masga

masga

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Trump open to Korea-built U.S. warships: Presidential official

A Korean presidential official said Trump appears willing to have U.S. military ships built in Korea, though key details still need working-level talks.

2026.7.10

U.S. Navy moves to assess whether Korea can build warships for fleet

The U.S. Defense Department and the Navy sent requests for information (RFIs) to Korean companies to inquire about building combat ships and medium-sized oilers.

2026.7.8

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Industry Minister Kim Jung-kwan holds virtual talks with his counterpart from the United Arab Emirates on May 21. [MINISTRY OF TRADE, INDUSTRY AND RESOURCES]

Industry minister vows support for growth of small- and medium-sized shipbuilders, equipment manufacturers

Industry Minister Kim Jung-kwan on Wednesday vowed active support for the growth of small- and medium-sized shipbuilders and shipbuilding equipment manufacturers.

2026.5.27

Boats and bots

President Lee Jae Myung, far left, attends a presentation about a ship welding robot at Samsung Heavy Industries' exhibition booth following a conference on the future vision of Korean shipbuilding held at a hotel in Ulsan on May 13.

2026.5.13

A national security multipurpose ship is docked at the Hanwha Philly Shipyard in Philadelphia on Aug. 27, 2025. [NEWS1]

Hanwha Group to help with concept design of U.S. Navy's Next-Generation Logistics Ship

Hanwha Group will help with the concept design for the U.S. Navy’s Next-Generation Logistics Ship (NGLS).

2026.3.31

Korean President Lee Jae Myung, center, shakes hands with Pennsylvania Gov. Josh Shapiro, left, alongside Hanwha Group Vice Chairman Kim Dong-kwan, during a visit to Hanwha Philly Shipyard, owned by Korean shipbuilder Hanwha Ocean, in Philadelphia, in this file photo from Aug. 26, 2025. [YONHAP]

Seoul asks Pennsylvania to review tariff exemption for Korean shipbuilding materials

Seoul's Industry Ministry on Wednesday requested the U.S. state of Pennsylvania to review various measures to support Korean shipbuilding operations in the state, including tariff exemptions on shipbuilding materials, according to officials.

2026.3.18

Samsung Heavy Industries Chief Operating Officer Lee Wang-keun, front row second from left, and officials from San Diego State University pose for a photo after opening a joint research center in San Diego on March 12. [SAMSUNG HEAVY INDUSTRIES]

Samsung Heavy Industries opens San Diego research center to support U.S.-Korea MASGA initiative

Samsung Heavy Industries said Friday it has established a research center in the United States to support a Seoul-Washington joint initiative aimed at revitalizing the U.S. shipbuilding industry through partnerships with Korean firms.

2026.3.13

A national security multipurpose ship is docked at the Hanwha Philly Shipyard in Philadelphia, Pennsylvania, on Aug. 27. [NEWS1]

Hanwha mulls buying more U.S. shipyards as MASGA project gets underway

Hanwha is considering acquiring additional shipyards in the United States, as it expects demand to outstrip the capacity of the Philly Shipyard it already operates in Philadelphia due to the full-scale rollout of the MASGA project.

2026.1.9

A 174,000-cubic-meter (6,144,752-cubic-foot) liquefied natural gas (LNG) carrier built by HD Hyundai Heavy Industries [HD HYUNDAI HEAVY INDUSTRIES]

Korean shipbuilders focus on LNG carriers, naval ships to stay profitable as global market shrinks

Korean shipbuilders regained a 20 percent share of the global shipbuilding market in 2025, with the nation's shipyards now focusing on liquefied natural gas (LNG) carriers and naval ships to sustain profitability this year.

2026.1.8

Hanwha Group Chairman Kim Seung-youn [HANWHA GROUP]

Hanwha chairman calls company an 'indispensable' partner for U.S. shipbuilding in New Year's message

Hanwha Group Chairman Kim Seung-youn emphasized in his New Year’s message on Friday that the company must serve as a “linchpin” in Korea-U. S. relations through the Korea-U. S. maritime cooperation project, "Make American Shipbuilding Great Again."

2026.1.2