Gyeongju: U.S. President Donald Trump announced plans to establish a collaborative shipbuilding industry with South Korea during a keynote speech at the Asia-Pacific Economic Cooperation (APEC) CEO summit in Gyeongju, a city located approximately 275 kilometers southeast of Seoul. Trump emphasized the commitment of his administration to create a "thriving" industry through this partnership.
According to Yonhap News Agency, Trump highlighted the strong alliance between the United States and South Korea, describing the relationship as both "serious" and "special." He noted the shared commitment of both nations to work closely in developing the shipbuilding sector, underlining the unique bond that the two countries share.
In his address, Trump reiterated the importance of collaboration with South Korea, expressing optimism about the potential growth of the shipbuilding industry through joint efforts. The announcement comes as part of broader discussions at the APEC summit, focusing on economic cooperation and development in the Asia-Pacific region.
The proposed partnership is seen as a strategic move to enhance industrial capabilities and strengthen economic ties between the United States and South Korea. The emphasis on shipbuilding is expected to contribute to both nations' economic goals and further solidify their longstanding alliance.