U.S. Navy Secretary Meets with South Korean Defense Companies

Secretary of the Navy Carlos Del Toro met with senior shipbuilding industry officials in South Korea on February 27th to view their advanced shipyards.

Additionally, discussions described as “very productive” were held to bring Korean investment in commercial and naval shipbuilding to the United States.

Del Toro arrived in Seoul on the 25th and met with Hanwha Vice Chairman and CEO Dong Kwan Kim and HD Hyundai Vice Chairman and CEO Kisun Chung. Chung gave Del Toro a tour of the company’s Ulsan shipyard and later met with Chung and Hanwha Ocean CEO Hyek-woong Kwon on Geoje island and toured the island’s shipyard.

Del Toro said of these meetings: “In each of these engagements, I brought up to the table a simple, yet profound opportunity: invest in America. I was enormously gratified by the strong interest expressed by the leaders of each of these world-class shipbuilders in establishing U.S. subsidiaries and investing in shipyards in the United States.”