(From L to R) South Korean Industry Minister Kim Jung-kwan; South Korean shipbuilder Hanwha Ocean Co. President Jung In-sup; Mike Rickels, vice president of U.S. naval architecture and marine engineering firm Gibbs & Cox; and U.S. Commerce Secretary Howard Lutnick pose for a photo to mark the establishment of a cooperation pact between Hanhwa and Gibbs & Cox, as they attend an event marking the opening of the Korea-U.S. Shipbuilding Partnership Center in Washington, D.C., on July 23, 2026. (Yonhap)

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