General

U.S. Navy Secretary: “Korea Is the Optimal Partner for Rebuilding U.S. Naval Power”

Phelan meets Acting PM Han Duck-soo, visits HD Hyundai & Hanwha Ocean… Korea emerges as key to U.S. shipbuilding revival U.S. Secretary of the Navy John C. Phelan paid an official visit to South Korea on April 30, meeting ..

News > General > 2025-05-01 17:23:44

Bipartisan U.S. Shipbuilding Bill Poised to Boost Korean Shipyards

SHIPS for America Act targets 250 U.S.-flagged vessels in 10 years; Korea named key strategic partner A bipartisan bill aimed at revitalizing the United States’ shipbuilding industry has been introduced in Congress, paving the ..

News > General > 2025-05-01 12:21:44

Mr. Chung Ki-sun and Kim Dong-kwan Hold Consecutive Meetings with U.S. Navy Secretary

Korea-U.S. Naval Defense Cooperation Expands to Commercial Shipbuilding and MRO HD Hyundai and Hanwha Ocean Accelerate U.S. Defense Market Entry Naval defense cooperation between South Korea and the United States is gaining momentum..

News > General > 2025-04-30 18:46:31

HD Hyundai Posts Record Quarterly Operating Profit, Surpassing KRW 1 Trillion (USD 940 Million) for the First Time

Shipbuilding and Power Drive Growth as Jeong Ki-sun's Strategy Bears Fruit HD Hyundai has achieved a historic milestone, reporting a quarterly operating profit exceeding KRW 1 trillion (approx. USD 940 million) on a consolidated ..

News > General > 2025-04-30 09:49:32

US Navy Secretary visits Korea

John Phelan, United States secretary of the Navy, visits South Korean shipyards on April 30. According to industrial source, he is expected to visit HD Hyundai Heavy Industries' Ulsan headquarters and Hanwha Ocean's Geoje shi..

News > General > 2025-04-30 09:11:21

KOR-US set up working group for shipbuilding

South Korea and the United States have established a new government-wide working group regarding cooperation in the shipbuilding industry. According to industrial source, a senior government official said on April, "Korea and th..

News > General > 2025-04-28 14:37:05

HD HHI joins 'SITDEF 2025'

HD Hyundai Heavy Industries (HD HHI) announced on April 28 that the South Korena shipbuilding heavyweight joined 'SITDEF 2025' that was held in Lima, Peru, during April 24-27. SITDEF is the largest defense exhibition in the S..

News > General > 2025-04-28 10:38:26

Korea uses 'shipbuilding' as bargaining chip in tariff talks

In the Korea-US trade negotiations over US President Donald Trump's imposition of tariffs, Korea's 'cooperation in rebuilding the US shipbuilding industry' card appears to have been effective. After the Korea-US 2+2 t..

News > General > 2025-04-25 10:17:31

Decision on KDDX project delayed again

Decision on how to carry out the Korean next-generation destroyer (KDDX) project has been postponed again. According to industrial source, an official at the Korean government said, "In order to promote the KDDX project stably, ..

News > General > 2025-04-25 08:34:09

Controversy rises over fairness in KDDX project

The Defense Acquisition Program Administration (DAPA) is moving to forcefully process the Korean next-generation destroyer (KDDX) project as a private contract before making decision on the business late this month. The DAPA plans to..

News > General > 2025-04-23 14:59:03