Source link : https://bq3anews.com/south-korea-taiwan-and-vietnam-display-that-financial-statecraft-isnt-just-the-keep-of-serious-powers/
Make American shipbuilding nice once more (Masga) might sound like an effort via the United States to reinforce its financial energy and challenge energy the world over, however Masga isn’t an American coverage. This can be a South Korean initiative that emerged following business talks with the United States in June.
Fairly than responding to the Trump management’s tariff threats only via business negotiations, Korean officers noticed a chance to turn their American opposite numbers that South Korea deserved higher remedy. They advised that South Korea deliver its shipbuilding prowess to the United States.
South Korea is in all probability most famed as an exporter of Okay-pop, automobiles and semiconductors. However it’s also a world powerhouse in shipbuilding. The shipyard within the south-eastern Korean town of Ulsan on my own produces kind of ten occasions extra ships once a year than all of the US shipbuilding {industry}.
And as the United States tries to counter China’s impulsively rising naval fleet, Korean help is one thing this is obviously wanted. America military secretary, John Phelan, declared previous in 2025 that US shipbuilding programmes “are a mess”. He added: “I think our best one is six months late and 57% over budget … That is the best one.”
Masga was once introduced in August, with South Korean conglomerates HD Hyundai and Samsung Heavy Industries signing a US$150 billion (£112 billion) deal to modernise US shipbuilding features….
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Author : bq3anews
Publish date : 2025-12-18 19:55:00
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