Story perspectives

South Korea, U.S. Launch $150B Shipbuilding Partnership Center

7/24/2026

Summary

Story summary

South Korea and the United States opened Korea-U.S. Shipbuilding Partnership Center in Washington on July 23 2026 to start the $150 billion MASGA program.
Kim Jung-kwan and Howard Lutnick signed 15 MOUs on Team Korea, workforce training and technology development.
Samsung Heavy Industries will open a VR/AR welding training center with Vigor Marine Group.
The Korean government will fund a 120 billion-won, five-year joint research program on ship design, autonomous welding and navigation.

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Story summary

South Korea and the United States opened Korea-U.S. Shipbuilding Partnership Center in Washington on July 23 2026 to start the $150 billion MASGA program.
Kim Jung-kwan and Howard Lutnick signed 15 MOUs on Team Korea, workforce training and technology development.
Samsung Heavy Industries will open a VR/AR welding training center with Vigor Marine Group.
The Korean government will fund a 120 billion-won, five-year joint research program on ship design, autonomous welding and navigation.