South Korea Races to Secure Trade Deal with U.S. Ahead of Deadline

South Korea Races to Secure Trade Deal with U.S. Ahead of Deadline

South Korea Races to Secure Trade Deal with U.S. Ahead of Deadline South Korean Finance Minister Koo Yun-cheol is making a concerted effort this week to secure a trade agreement with the U.S., as the deadline to avert harsh tariffs on South Korea's industrial exports approaches on August 1. The proposed discussions could lead to significant cooperative ventures in industries like shipbuilding.The Hanwha Group, a major player in South Korea's shi…

Report: To Avoid Tariffs, Korea May Invest $200B in US Shipbuilding

After Japan and the European Union both convinced the Trump administration to lower their base tariff rates to just 15 percent, South Korea is anxiou...

Korea offers ‘MASGA’ project to avert tariffs

Korea's industry minister has made a surprise proposal to his American counterpart for a joint initiative aimed at revitalizing the U.S. shipbuilding industry — a last-ditch effort to avert the imposition of a 25 percent tariff on Korean imports, set to take effect this Friday. The Ministry of Trade, Industry and Energy said Monday that Minister Kim Jung-kwan proposed the project, titled "Make American Shipbuilding Great Again" (MASGA), to U.S. …

South Korea offers billions to help make US shipbuilding 'great again'

South Korea proposed a massive U.S. shipbuilding partnership as Seoul looks to finalize a trade deal with Washington.

Project MASGA: South Korea Proposes Shipbuilding Project in US Trade Talks

South Korea has proposed a multi-billion dollar shipbuilding project to the U.S. during trade talks, the Yonhap News Agency reported on Monday, citing unnamed sources.The suggested project consists of a package that encompasses large-scale investments in the U.S.

South Korea proposes MASGA plan to dodge Trump tariffs

South Korea has suggested a multibillion-dollar shipbuilding project, Make American Shipbuilding Great Again (MASGA), to avoid a 25% tariff rate imposed by the US.