HD Hyundai chairman, Philippine defense chief discuss shipbuilding cooperation
SEOUL, Sept. 8 (Yonhap) -- HD Hyundai Chairman Chung Ki-sun has met with Philipp...
On September 8, HD Hyundai Chairman Chung Ki-sun met with Philippine Defense Secretary Gilberto Teodoro Jr. to discuss expanding cooperation in shipbuilding and the defense industry, according to HD Hyundai. The South Korean shipbuilding group revealed that the meeting took place on Monday during Teodoro Jr.'s visit to South Korea for the Seoul Defense Dialogue.
During the discussion, Chung and Teodoro Jr. reviewed their existing defense cooperation and agreed on the importance of strengthening ties to support the Philippine Navy's modernization efforts. This cooperation follows their partnership that originated with a frigate contract in 2016. To date, HD Hyundai has secured orders for 12 naval vessels from the Philippines, with six of those vessels already delivered.
The Korean shipbuilder has also ventured into commercial shipbuilding in the Philippines, with construction of its first commercial vessel commencing at its shipyard in Subic Bay in September of the previous year. That vessel was recently launched and is set to be delivered to the shipowner next year, as per HD Hyundai.
Written by urgent.news from Yonhap News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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