South Korea Eyes U.S. Shipyard Takeovers | Huntsville News

South Korean giant Hanwha is eyeing a $1.2 billion buyout of Austal USA in Mobile, Alabama — a shipyard employing over 3,000 workers and poised for expansion. An Alabama delegation recently toured South Korea to build ties, though officials stress it’s early days. The U.S. Navy’s scrutiny looms large, given the sensitive nature of naval shipbuilding. A presidential memo allows foreign firms like Hanwha to build initial ships overseas — but then must fully relocate production, workforce, and supply chains to the U.S., with Hanwha already investing hundreds of millions domestically. Meanwhile, rival HD Hyundai is also rumored to be targeting an American shipyard — signaling a major global shift in how the U.S. builds its naval power.

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