Key facts
- A senior White House official stressed the need for shipbuilding cooperation with South Korea and Japan.
- Russell Vought, director of the White House Office of Management and Budget, made the remarks.
- Vought highlighted the need to reward companies that invest in the U.S.
- South Korea has committed $150 billion for shipbuilding cooperation with the U.S.
A senior White House official on Friday underscored the importance of shipbuilding cooperation with South Korea and Japan as the U.S. administration seeks to revitalize the nation's shipbuilding industry and Navy. Russell Vought, director of the White House Office of Management and Budget, speaking at a forum in Washington, also emphasized the necessity of rewarding companies that invest in the United States.