Lee, Trump Eye Warship Cooperation at UN Summit — SkimNews
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- Lee Jae Myung discussed cooperating on warship construction with Trump on Sept 23 during a 30-minute meeting on the sidelines of the UN General Assembly in New York.
- South Korea's presidential office announced on Sept 24 that Lee expects tangible results from bilateral shipbuilding cooperation, without providing further details.
- Hanhwa's Philly shipyard in Philadelphia will build US military vessels, according to Seoul's presidential office.
- South Korea's Industry Ministry briefed lawmakers on Sept 22 on implementation plans under the countries' $350 billion (S$448 billion) investment package, including a Texas gas-fired power project identified as a potential first investment.
- Of the $350 billion deal, $150 billion has been earmarked for the shipbuilding sector, making it the largest single slice of the framework.
Why it matters: The meeting gives a presidential-level push to the $350 billion Korea-US investment framework, with shipbuilding — the sector commanding the largest $150 billion earmark — now anchored to a named US facility (Hanhwa's Philly shipyard), moving the alliance's industrial component from pledge to concrete execution.
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