Reported about 3 hours ago
South Korea's HD Hyundai Heavy Industries is in discussions to acquire a U.S. shipyard to boost its naval shipbuilding capabilities in response to the growing demand stemming from U.S. military needs. The company aims to generate 3 trillion won in revenue by 2035 through warship construction for the U.S. Navy, despite facing challenges such as a shortage of skilled labor and restrictive U.S. immigration policies. Hyundai emphasizes the necessity of establishing a manufacturing foothold in the U.S. to competitively address naval shipping demands.
Source: YAHOO