S.Korea Proposes ‘MASGA’ Shipbuilding Project to US: Yonhap News

South Korea proposed a shipbuilding project worth tens of trillions of won to US during the tariff negotiations, Yonhap News says, citing unidentified sources.

• South Korea’s Industry Minister Kim Jung-kwan explained the shipbuilding industry cooperation proposal, the so-called “Make American Shipbuilding Great Again (MASGA),” during the negotiations held at US Commerce Secretary Howard Lutnick’s residence in New York on July 25
• The project, named after adding “shipbuilding” to US President Donald Trump’s signature slogan of MAGA, is comprised of a package that includes large-scale investment in US by Korean shipbuilders and financial support such as loans and guarantees ...