U.S. envoy highlights shipbuilding cooperation with S. Korea in visit to Samsung Heavy's Geoje shipyard

What happened: U.S. Ambassador to South Korea Michelle Steel visited Samsung Heavy Industries' Geoje shipyard and cited potential for greater shipbuilding cooperation between Seoul and Washington. Key numbers: Geoje shipyard is about 330 kilometers south of Seoul. Samsung Heavy is the world's fifth-largest shipbuilder by existing orders. Why it matters: Her remarks come as South Korea seeks to revive the U.S. shipbuilding industry under the MASGA initiative. Samsung Heavy opened a research center in San Diego this year to support it.

U.S. Ambassador to South Korea Michelle Steel visited Samsung Heavy Industries' Geoje shipyard and cited potential for greater shipbuilding cooperation between Seoul and Washington.

Her remarks come as South Korea seeks to revive the U.S. shipbuilding industry under the MASGA initiative. Samsung Heavy opened a research center in San Diego this year to support it.