[트럼프 2기]Why did Trump mention help and cooperation with the Korean shipbuilding industry?

Donald Trump, who is running as the Republican candidate for the U.S. presidential election, looks at supporters in West Palm Beach, Florida, U.S. on the 6th (local time). AP Yonhap News”/>

Former President Donald Trump, who is running as the Republican candidate for the U.S. presidential election, looks at supporters in West Palm Beach, Florida, U.S. on the 6th (local time). AP Yonhap News

As U.S. President-elect Donald Trump said that his country’s shipbuilding industry needs help from Korea, shipbuilding emerged as the industry that would benefit the most. President-elect Trump’s request for cooperation is interpreted as a strategy to maintain the upper hand by utilizing the technological competitiveness of the Korean shipbuilding industry as the battle for hegemony with China becomes increasingly fierce.

According to the political world on the 7th, President-elect Trump said in a phone call with President Yoon Seok-yeol this morning, “The U.S. shipbuilding industry needs Korea’s help and cooperation,” and added, “I am well aware of Korea’s world-class warship and shipbuilding capabilities, and we are committed to exporting not only our ships.” “We also need to closely cooperate with Korea in the areas of maintenance, repairs, and maintenance,” he said.

The declining U.S. shipbuilding industry is behind President-elect Trump, who has been ‘bashing China’ and emphasizing ‘national protectionism’ since his first term in office, and has indicated that he will lend strength to the Korean shipbuilding industry. In the United States, shipbuilding was an important industry until the mid-20th century, but in the second half of the 20th century, it began to decline due to higher production costs and wages and relatively low technology than in other countries.

The United States still builds naval ships domestically, but commercial shipbuilding has moved to other countries, including Korea and Japan. In particular, the power of friendly countries is needed to respond to China’s rapidly growing shipbuilding industry with its enormous workforce and price competitiveness.

The United States has continued to promote cooperation with Korea in the field of ship maintenance and repair (MRO). Last February, U.S. Secretary of the Navy Carlos del Toro visited HD Hyundai Heavy Industries’ Ulsan headquarters and Hanwha Ocean’s Geoje business site.

HD Hyundai Heavy Industries, the shipbuilding affiliate of HD Korea Shipbuilding & Marine Engineering, signed Korea’s first Ship Maintenance Agreement (MSRA) with the U.S. Naval Supply Systems Command last July. Through this, we have secured qualifications to participate in the MRO project bidding for support ships belonging to the US Navy Maritime Transport Command and US Navy combat ships for the next five years.

Hanwha Ocean also signed an MSRA with the Naval Supply Systems Command, and last August, it signed an MRO contract with the U.S. Navy for the first time in the domestic shipbuilding industry, and is currently conducting depot maintenance for U.S. logistics support ships at its Geoje plant. Hanwha Ocean’s U.S. ship MRO business is expected to gain momentum through cooperation with the recently acquired U.S. Philly Shipyard.

Stock prices of major shipbuilding companies rose significantly on this day due to the influence of President-elect Trump’s remarks suggesting cooperation in the shipbuilding industry. Hanwha Ocean closed up 21.76% and HD Hyundai Heavy Industries closed up 15.13% compared to the previous day.

An industry official said, “During Trump’s second term, the number of new orders for tankers, LPG and LNG carriers is expected to increase due to increased use of fossil fuels and expanded investment in the energy industry in the United States,” and “The MRO project for U.S. ships that has been promoted so far is also expected to accelerate.” “I expect it to be released,” he said.