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Wed, Aug

VIDEO: Hanwha Group makes $5BN announcement at Philly Shipyard

World Maritime

As Hanwha Philly Shipyard welcomed South Korean President Lee Jae Myung and other VIP guests to the high profile christening of the State of Maine, the third of five MARAD National Security

Written by Nick Blenkey
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South Korean President Lee Jae Myung, Pennsylvania Gov. Josh Shapiro, Hanwha Group Vice Chairman Dong Kwan Kim, and key officials pose for photo at Hanwha Philly Shipyard. [Photo: Hanwha Group]

South Korean President Lee Jae Myung, Pennsylvania Gov. Josh Shapiro, Hanwha Group Vice Chairman Dong Kwan Kim, and key officials pose for photo at Hanwha Philly Shipyard. [Photo: Hanwha Group]

As Hanwha Philly Shipyard welcomed South Korean President Lee Jae Myung and other VIP guests to the high profile christening of the State of Maine, the third of five MARAD National Security Multi-Mission Vessels, Hanwha Group announced a $5 billion infrastructure plan for its U.S. shipyard.

The ceremony followed summit talks between President Lee and President Donald Trump. Earlier, the Lee administration had pledged $150 billion in American shipbuilding investments during a trade deal between Korea and the U.S. The $5 billion investment in the Philadelphia yard is a part of that commitment..

The $5 billion program will be dedicated to

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