▶ On Monday, August 25, HD Hyundai signed MOU to establish a multi-billion-dollar investment program
▶ Investing jointly with the U.S. Cerberus Capital, the program will support the acquisition and modernization of U.S. shipyards
▶ Signaling the first tangible outcome of the Korea-U.S. summit — “Opening a new chapter in the global shipbuilding industry.”
HD Hyundai has officially launched a multi-billion-dollar investment program to revitalize the U.S. shipbuilding industry — marking the first milestone in the ‘Make American Shipbuilding Great Again (MASGA)’ initiative.
HD Hyundai announced on Monday, August 25 (EST) that it had signed a Memorandum of Understanding (MOU) with Cerberus Capital and the Korea Development Bank (KDB) at the InterContinental The Willard in Washington, D.C., to establish a Korea-U.S. maritime joint investment program. The signing took place at the Korea-U.S. Manufacturing Partnership MOU ceremony, presided over by U.S. Secretary of Commerce Howard Lutnick and Korea’s Minister of Trade, Industry and Energy Kim Jung-kwan. (....)