Policy lenders, shipbuilders sign MOU to implement Seoul's U.S. investment initiative (opens original article in a new tab)

South Korea's policy lenders and shipbuilders signed an MOU to implement a $150 billion shipbuilding cooperation initiative with the U.S. as part of a broader trade deal.

• South Korea's policy lenders and shipbuilders signed an MOU to implement a $150 billion Seoul-Washington shipbuilding cooperation initiative.
• The MOU includes state-run institutions and major shipbuilders like HD Hyundai and Samsung Heavy Industries.
• The initiative is part of a larger $350 billion trade deal with an annual investment cap of $20 billion.