Hanwha's Kim Dong-kwan, HD Hyundai's Chung Ki-sun blend rivalry with strategic cooperation in navigating America’s renewed shipyard ambitions
As Korea looks to advance with its "Make American Shipbuilding Great Again," or MASGA, initiative, two chaebol leaders — Hanwha Group Vice Chair Kim Dong-kwan and HD Hyundai Chair Chung Ki-sun — face daunting tasks to successfully enter the United States market and continue to bolster global competitiveness.
With the total amount of the investment in the MASGA project set at $150 billion between Seoul and Washington, Kim and Chung — each of them third-generation scions in their early 40s — have emerged in the spotlight as they search out the best business decisions moving forward.
Kim and Chung, who were born in 1983 and 1982,
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