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4 months ago
Former U.S. Speaker McCarthy: "Jones Act Amendment Could Pave Way for Korea-U.S. Shipbuilding Cooperation" (Mar 14, 2025)
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.[Compliance Note]All posts by Sellsmart are for informational purposes only. Final investment decisions should be made with careful judgment and at the investor’s own risk.The content of this post may be inaccurate, and any profits or losses resulting from trades are solely the responsibility of the investor.Core16 may hold positions in the stocks mentioned in this post and may buy or sell them at any time.
