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…
A high-ranking White House official emphasized the importance of shipbuilding collaboration with South Korea and Japan, as the Trump administration works to revitalize the U.S. shipbuilding industry and its naval capabilities. Russell Vought, director of the White House Office of Management and Budget, made these comments at a forum in Washington, also stressing the necessity to incentivize firms that invest in the United States.
Vought conveyed during the forum organized by the Hudson Institute, "We are going to be doing... with the Japanese and South Koreans. We want to learn from them. We want to see how they build ships and then implement it here." He pointed to Hanwha Group's considerable investments in acquiring Philly Shipyard in Philadelphia, stressing the need to expand federal contracting opportunities beyond the usual "primes," or firms that the U.S. government historically worked with.
Furthermore, the official advocated for rewarding companies that invest in the U.S. "I believe we need to reward"
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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