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HD Hyundai announced it will form a joint venture with US construction and engineering firm Kiewit to build a new shipyard in the United States, with construction starting in 2027 and operations targeted for 2029. The JV, named HD Kiewit Shipbuilding, will combine HD Hyundai's shipbuilding technology and yard operation know-how with Kiewit's construction and manufacturing expertise. Yonhap reports the move is part of the MASGA (US shipbuilding cooperation) project, accelerating Korean shipbuilders' investment in the US. The Chosun Ilbo notes HD Hyundai had previously considered acquiring US shipyards or taking equity stakes, but this marks its first concrete plan for a local production base. The Kyunghyang Shinmun adds that the competition with Hanwha, which holds the Philly Shipyard, is expected to intensify.