The United States and South Korea signed a Memorandum of Understanding to expand cooperation in shipbuilding, the US Department of Commerce's International Trade Administration (ITA) announced in a statement.
The agreement establishes the Korea-US Shipbuilding Partnership Initiative, which is said to promote collaboration in "workforce training, industrial modernization and maritime investment," the agency said.
Oversight will be provided by US Secretary of Commerce Howard Lutnick and Republic of Korea Minister of Trade, Industry and Resources Jung-kwan Kim, with a new partnership center expected to open later this year in Washington DC.
https://breakingthenews.net/Article/US-and-Korea-sign-shipbuilding-pact/66257434
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