PHILADELPHIA, Pennsylvania -- South Korea's Hanwha Ocean will invest $5 billion in the Hanwha Philly Shipyard to expand annual capacity at the recently acquired American facility.
Transportation
South Korea's Hanwha to invest $5bn to expand US shipyard
Bilateral shipbuilding initiative will yield 'win-win' outcomes, South Korean president says
South Korean President Lee Jae Myung speaks at the Hanwha Philly Shipyard during the "State of Maine" training vessel's christening ceremony in Philadelphia on Aug. 26. (Yonhap via Kyodo)
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