Korea and US to strengthen ties in shipbuilding, aviation sectors

The Republic of Korea and the United States have signed II Memorandums of Understanding for bilateral cooperation in a wide array of key industrial sectors

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The Republic of Korea and the United States have signed II Memorandums of Understanding for bilateral cooperation in a wide array of key industrial sectors ranging from shipbuilding, nuclear energy and aviation to liquefied natural gas (LNG) and critical minerals, Seoul's industry ministry said on Tuesday.

According to Yonhap New Agency, the MoUs were signed during a Korea-US business roundtable in Washington on Monday that followed President Lee Jae Myung’s first summit with US President Donald Trump.

“The Korean government will provide all necessary institutional support to usher in a renaissance of Korea-US manufacturing cooperation, and we will strive to create boundless business opportunities for companies of both nations,” Korean Industry Minister Kim Jung-kwan said in a press release.

Last year Investopia 2024 witnessed the signing of two memorandums of understanding (MoUs) between the UAE and the Republic of Korea. The first MoU was signed by the Dubai Multi Commodities centre (DMCC) and the Korean Institute of Startup and Entrepreneurship Development (KISED), while the second partnership is between the Dubai Future District Fund (DFDF) and the Korea Venture Investment Corporation (KVIC).