White House official stresses shipbuilding cooperation with S. Korea, need to reward investors
WASHINGTON — A senior White House official on Friday underscored the need for shipbuilding cooperation with South Korea and Japan, as U.S. President Donald Trump's administration strives to rebuild the United States' shipbuilding industry and its Navy. Russell Vought, director of the White House Office of Management and Budget, made the remarks during a forum in Washington, also highlighting the…
Washington — A White House official recently emphasized the importance of collaborating with South Korea and Japan on shipbuilding, as the Trump administration aims to rebuild the U.S. shipbuilding industry and its Navy. Russell Vought, the director of the White House Office of Management and Budget, discussed this matter during a forum in Washington.
He also stressed the need to recognize and reward companies that invest in the United States. Vought stated that they plan to learn from Japan and South Korea's shipbuilding methods, applying those strategies domestically. He mentioned significant investments by South Korea's Hanwha Group in acquiring Philly Shipyard in Philadelphia, advocating for expanding federal contracting opportunities to more companies beyond just the traditional prime contractors.
Furthermore, the official urged rewarding companies that invest in the U.S., highlighting the necessity of doing so.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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