Overview
- U.S. Secretary of the Navy John Phelan visited HD Hyundai Heavy Industries in Ulsan and Hanwha Ocean in Geoje to discuss naval shipbuilding and maintenance collaboration.
- Phelan met with South Korean Acting President Han Duck-soo, agreeing to deepen cooperation in shipbuilding as a cornerstone of bilateral trade and defense ties.
- The discussions emphasized leveraging South Korea’s shipbuilding expertise and capital to support the U.S. Navy's readiness and revive its shipbuilding industry.
- Phelan highlighted Hanwha Ocean's acquisition of Philly Shipyard as a key example of integrating Korean investment and technology into America’s industrial base.
- While no formal agreements were announced, both sides committed to pursuing active partnerships in naval construction and maintenance, repair, and overhaul (MRO).