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Navy/USMC

SECNAV Lobbies South Korean Shipbuilders To Invest In U.S. Yards

Friday, March 1st, 2024

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SECNAV Lobbies South Korean Shipbuilders To Invest In U.S. Yards

Former Secretary of the Navy Carlos Del Toro visits Hanwha Ocean shipyard in Geoje, Republic of Korea on Feb. 27, 2024. (Photo: U.S. Navy via Hanwha Ocean photo/released)

Secretary of the Navy Del Toro recently met with top South Korean shipbuilding executives during a trip to the country, lobbying them to invest in dual-use commercial-military shipyards in the United States. During the trip he met separately with top executives from Hanwha Ocean and HD Hyundai Heavy Industries on Feb. 25 and 27, touring Hyundai’s shipyard in Ulsan and Hanwha's shipyard on Geoje Island. Del Toro emphasizes the discussions were productive and focused on trying to attract Korean investment…

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