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HD Hyundai announced Friday it will form a joint venture with U.S. construction and engineering firm Kiewit to build a new shipyard in the United States. The JV, named HD Kiewit Shipbuilding, was contracted on Oct. 22 (local time) in Houston, Texas, combining HD Hyundai's shipbuilding technology and yard operation know-how with Kiewit's construction and manufacturing expertise. Yonhap reports the goal is to begin construction next year and start full operation in 2029. Korean media describe this as part of the Korea-U.S. shipbuilding cooperation project 'MASGA,' with Dong-A Ilbo noting it signals the domestic shipbuilding industry's U.S. investment is gaining momentum. Chosun Ilbo adds that the two companies are also discussing purchasing local land to build a yard for ship blocks and large steel structures.