Korea Joongang Daily
Korea JoongAng Daily

Seoul and Washington deliver conflicting messages about nuclear-powered submarines

A bold bid by Korea to build its own nuclear-powered submarines, or SSNs, has hit turbulence, as conflicting messages from Washington and Seoul expose deep cracks over who will actually construct the vessels — and where.

2025-11-03

Building nuclear subs no easy task, but could pay off big for Korea

U.S. President Donald Trump has given the green light for Korea to build nuclear-powered submarines, a move that could mark a historic leap in the country's naval ambitions — with Hanwha Philly Shipyard in Pennsylvania a potential construction site.

2025-10-31

Trump claims deal struck with Korea will bring over $600B in investment to U.S.

U.S. President Donald Trump claimed Wednesday that Korea has agreed to pay $350 billion to the United States in exchange for tariff reductions, and that investments by Korean companies in the United States will eventually exceed $600 billion.

2025-10-30

Hanwha to boost capacity at Philly Shipyard with $5 billion expansion

Hanwha Group, parent of Korea’s major shipbuilder Hanwha Ocean, pledged $5 billion Tuesday to expand capacity at Philly Shipyard in the United States. The investment is part of Seoul’s broader $150 billion shipbuilding initiative.

2025-08-27

President Lee visits Philly Shipyard, says Korean and U.S. shipbuilding industries will grow together

President Lee Jae Myung toured Hanwha Philly Shipyard in Pennsylvania on Tuesday in a visit symbolic of the burgeoning shipbuilding industry cooperation between Korea and the United States highlighted in his summit with U.S. President Donald Trump.

2025-08-27

President Lee to be accompanied by senior Trump officials on visit to Philadelphia shipyard

President Lee Jae Myung will visit Hanwha Philly Shipyard in Philadelphia on Tuesday, following the Korea-U.S. summit. He will be accompanied by senior Trump administration officials, underscoring growing cooperation on shipbuilding.

2025-08-25

Philly Shipyard gets 1st LNG order from Hanwha Shipping

Philly Shipyard, a U.S. shipbuilder owned by Hanwha Ocean, has received its first-ever order for a liquefied natural gas (LNG) carrier from Hanwha Shipping, a shipping affiliate of Hanwha Group.

2025-07-22

Hanwha Philly Shipyard mulls joining U.S. Navy ship project

Hanwha Philly Shipyard is considering bidding for a U.S. Navy combat support ship project amid increased defense funding discussions.

2025-07-20

Hanwha to invest $72M in Philly Shipyard to build LNG carriers

Hanwha Group will invest 100 billion won in Philly Shipyard to add the capability of building liquefied natural gas carriers in an effort to generate $4 billion in revenue annually by 2035.

2025-05-20

HD Hyundai, Philly Shipyard seal deal on U.S. warship construction

HD Hyundai Heavy Industries has signed a memorandum of understanding with Philly Shipyard on the construction and maintenance of U.S. warships and government-commissioned vessels.

2024-04-24