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HD Hyundai announced Friday it will establish a joint venture with U.S. construction and engineering firm Kiewit to build a new shipyard in the United States, with the JV named "HD Kiewit Shipbuilding" and combining HD Hyundai's shipbuilding technology with Kiewit's construction expertise. Yonhap reports the agreement was signed in Houston, Texas, and Korean outlets note the companies are in final negotiations to purchase land and build a yard for ship blocks and large steel structures. Korean media coverage focuses on the strategic move to establish a U.S. production base, with Maeil Business Newspaper and Chosun Ilbo reporting the push into the North American market.