Former U.S. House Speaker Kevin McCarthy has indicated that a Jones Act amendment could enable U.S.-Korea shipbuilding cooperation.
The U.S. government is considering such changes, citing Korea’s shipbuilding prowess.
Opinion
If the Jones Act is revised, Korean shipbuilders could benefit significantly, but U.S. political uncertainties may impact the timing and scale of cooperation.
Core Sell Point
Since the progress of Jones Act reforms could directly impact Korean shipbuilding stocks, investors should closely monitor U.S. legislative developments for potential market fluctuations.
Former U.S. House Speaker Kevin McCarthy has suggested that if the Jones Act is amended, the U.S. could collaborate with South Korea on shipbuilding projects. During his visit to the South Korean National Assembly on the 14th, McCarthy met with Speaker Woo Won-shik and expressed optimism about strengthening bilateral cooperation in the shipbuilding sector.
The Jones Act, a longstanding maritime law, mandates that goods transported between U.S. ports must be carried on American-built vessels. McCarthy’s remarks align with Trump’s administration’s push to revise this regulation, which—if enacted—could present a major opportunity for Korea’s world-class shipbuilding industry.
Even before his presidency, Donald Trump had acknowledged South Korea’s advanced naval and shipbuilding capabilities, emphasizing his willingness to strengthen cooperation. With the U.S. Navy facing production constraints, calls for leveraging Korean expertise have grown louder, suggesting that Korea-U.S. shipbuilding collaboration may expand significantly in the future.
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