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Market Chatter: Korea-US Shipbuilding Partnership Center Opens in Washington

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South Korea and the U.S. have jointly launched the Korea-U.S. Shipbuilding Partnership Center in Washington, advancing a planned $150 billion investment in the US shipbuilding sector, Yonhap News reported Friday.

South Korean Industry Minister Kim Jung-kwan said that the new center, launched two months after the two nations signed a memorandum of understanding to deepen cooperation in the sector, will support the revival of the US shipbuilding industry.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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