- The U.S. government is advancing the MASGA initiative to strengthen domestic shipbuilding through workforce training.
- A Korea-U.S. Shipbuilding and Marine Industry Technology Cooperation Center has been established with a 6.64 billion won budget.
- The Masters Academy will train 100 skilled workers in areas like welding and ship design, led by HD Korea Shipbuilding & Offshore Engineering.
- The program supports Korean firms entering the U.S. market while fostering bilateral cooperation in the shipbuilding sector.
The U.S. government is moving ahead with a new workforce training initiative aimed at reviving domestic shipbuilding through the “MASGA” (Make American Shipbuilding Great Again) project. This effort, tied to recent South Korea-U.S. tariff negotiations, includes the establishment of the Korea-U.S. Shipbuilding and Marine Industry Technology Cooperation Center, with dedicated funding outlined in next year’s budget, according to ChosunBiz.
As part of the MASGA framework, South Korea committed to a significant investment package in the United States, which helped reduce reciprocal tariffs from 25% to 15%. Central to this cooperation is the newly created Korea-U.S. Shipbuilding and Marine Industry Technology Cooperation Center, designed to support Korean companies entering the U.S. market and to meet shipbuilding-related workforce demands.
Within its 6.64 billion won budget, 3.45 billion won has been earmarked for the Masters Academy, a program providing hands-on training in shipbuilding disciplines such as welding and ship design. The academy is expected to graduate its first 100 trainees next year, supported by leading firms like HD Korea Shipbuilding & Offshore Engineering. Additional funds will be used for running the cooperation center and fostering local partnerships, underscoring the joint commitment to strengthening shipbuilding capacity in the United States.
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Source: ChosunBiz
