HD Hyundai Chairman Jeong Gi-seon and Philippine Defense Secretary Gilberto Teodoro Jr. discuss expanding cooperation

*This content was translated by AI.

HD Hyundai has agreed to expand cooperation with the Philippine government in shipbuilding and defense industries.

On the 7th, HD Hyundai Jeong Gi-seon (Chairman) met with Philippine Defense Secretary Gilberto Teodoro Jr. in Seoul to discuss ways to expand cooperation in shipbuilding and defense sectors.

It is understood that both sides evaluated the achievements of defense cooperation built over the past decade between HD Hyundai and the Philippines and agreed on the need to expand their cooperation scope to include modernization of the Philippine Navy and strengthening competitiveness of the local shipbuilding industry.

In particular, during today's meeting, it was noted that the launch of HD Hyundai Philippines in Subic last year marked a significant turning point for industrial cooperation between the two sides. HD Hyundai recently successfully launched its first ship built at this site and plans to deliver it to the owner next year.

HD Hyundai Chairman Jeong Gi-seon stated, "We have had experience achieving success and expansion of our business over the past decade based on mutual trust with the Philippine government and navy. Going forward, we will seek opportunities for long-term industrial cooperation in a wider range of areas beyond commercial ships and warship construction."

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*This content was translated by AI.