US Secretary John Phelan Tours HD Hyundai Shipyard in South Korea Amid Ongoing Trade Talks
Discussion between South Korean shipbuilders and the U.S. Trade Representative during the APEC trade ministers meeting to explore mutual cooperation.
John Phelan, the US Secretary, took a gander at HD Hyundai Heavy Industries' shipyard in Ulsan on April 30. [HD HYUNDAI HEAVY INDUSTRIES]
Related articles
- US trade representative arrives in Korea for APEC trade ministers' meeting
- Korea to host APEC trade ministers' meeting on Jeju
- Korea, ASEAN set to hold inaugural joint think tank dialogue on economic, trade policies
- USTR Greer to visit Korea for trade talks next week
Behind the Visit
As trade negotiations between the United States and South Korea continue to be a hot topic, HD Hyundai Heavy Industries is playing a significant role in these talks, especially focusing on shipbuilding cooperation and strategic bilateral relations.
Recent Collaborations
- A Chat with U.S. Trade Representative Jamieson Greer: During a meeting at the Asia-Pacific Economic Cooperation (APEC) trade ministers' meeting in Jeju, South Korea, HD Hyundai's CEO and Executive Vice Chairman, Chung Ki-sun, held discussions with U.S. Trade Representative Jamieson Greer. This marked the initial conversation between the USTR and Korea’s shipbuilding industry [1][4]. The conversation revolved around bilateral cooperation in shipbuilding, including joint technology development and workforce training [4].
- Boosting U.S.-Korea Collaboration: Chung emphasized HD Hyundai's intentions to aid the U.S. shipbuilding industry's revitalization, utilizing the company's expertise. Moreover, he emphasized the importance of diversifying the U.S. port equipment supply chain by fostering U.S.-Korea collaboration, specifically in addressing concerns about Chinese cranes dominating U.S. ports [4].
Strategic Moves
- AI-Powered Shipyard Strategy: HD Hyundai is collaborating with U.S. defense priorities by integrating artificial intelligence into their shipbuilding processes. This includes partnerships like the Future of Shipyard (FOS) initiative with Palantir Technologies, aiming to increase productivity and shorten construction times through AI-driven innovations [5].
By working tirelessly in these areas, HD Hyundai is emerging as a crucial player in enhancing trade relations between South Korea and the United States, particularly in the shipbuilding sector.
- The US Secretary, John Phelan, visited HD Hyundai Heavy Industries' shipyard in South Korea during ongoing trade talks, indicating the government's focus on industry collaboration in these negotiations.
- HD Hyundai's CEO and Executive Vice Chairman, Chung Ki-sun, met with U.S. Trade Representative Jamieson Greer at the APEC trade ministers' meeting in Jeju, discussing bilateral cooperation in shipbuilding and joint technology development.
- In an effort to boost the U.S. shipbuilding industry's revitalization, HD Hyundai aims to aid the process by leveraging its expertise and diversifying the U.S. port equipment supply chain through collaboration with South Korea.
- HD Hyundai is working strategically with US defense priorities by integrating artificial intelligence into their shipbuilding processes, such as the Future of Shipyard (FOS) initiative with Palantir Technologies, to enhance productivity and shorten construction times.
