South Korean shipbuilding group HD Hyundai has announced today a multibillion-dollar investment program with the declared aim of "revitalizing the shipbuilding industry ", stressing that it is the "first milestone of the "Make American Shipbuilding" initiative Great Again (MASGA)", the plan for the relaunch of construction sites announced in March by President Donald Trump ( of 5 March 2025).

The new program of the Seongnam company is based on two Memorandum of Understanding signed yesterday with the company investments in the United States Cerberus Capital and with Korea Development Bank (KDB) under which HD Hyundai will act as both as an investor and as a technical and industrial partner for ensure the effective management of the program, Cerberus will act as a as a programme manager, overseeing the strategy and investment operations and KDB will be responsible for ensuring the success of the program by providing support to investors South Koreans.

"We believe - said Chung Kisun, vice president HD Hyundai executive, explaining the motivations for the initiative - that our partnership with Cerberus Capital will not only provide tangible support for MASGA, which aims to revitalize the industry shipbuilding, but it will also create new markets and growth opportunities for Korean shipyards. Leveraging our proven track record and capabilities HD Hyundai will support the modernization of the and will collaborate with both nations to create a new chapter in the industry global shipbuilding".