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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 agreed on Oct. 22 in Houston, Texas, with construction starting next year and operations targeted for 2029. Yonhap reports the move is part of the 'MASGA' (Make America's Shipbuilding Great Again) Korea-U.S. cooperation project, and Business Korea notes it could help HD Hyundai win U.S. naval vessel orders. Korean outlets frame this as accelerating domestic shipbuilders' U.S. investment, with Kyunghyang Shinmun highlighting intensifying competition with Hanwha, which holds Philly Shipyard.