Hanwha Group Vice Chairman Kim Dong-kwan, second from right, explains the conglomerate’s shipbuilding facilities to US Navy Secretary John Phelan, far right, at Hanwha’s Geoje shipyard in South Korea, Wednesday. "Working with leading shipyards like Hanwha Ocean Shipbuilding and HD Hyundai Heavy Industries is essential to ensuring deployed U.S. ships and systems remain fully operational in the Indo-Pacific," Secretary Phelan said. The figure dropped to $13 billion in 2023 and $9.5 billion last year, but is projected to rebound to $24 billion this year in consideration of ongoing negotiations with multiple countries.
Author: Tae-gyu Kim
Published at: 2025-05-03 20:41:49
Still want to read the full version? Full article
