After the Chinese Ministry of Commerce decided to take countermeasures against five U.S. subsidiaries of Hanwha Ocean Co., Ltd., the South Korean side responded. According to a report by Yonhap News Agency on the evening of October 14, the South Korean presidential office stated that the South Korean government has activated the trade and economic communication channels with China, hoping to minimize the losses that South Korean companies may suffer.
The South Korean presidential office also said that it is necessary to comprehensively consider whether the Chinese measures will affect the "MASGA" (Make American Shipbuilding Great Again) project in the future. Considering that the transactions between the South Korean subsidiaries under countermeasures and Chinese companies are not many, it is expected that the impact of the Chinese measures on the relevant enterprises will be within control. However, considering that China may take further measures in the future, the South Korean government will closely monitor related developments.
According to public information, Hanwha Ocean Co., Ltd. generally refers to Hanwha Ocean (HANHWA OCEAN). Hanwha Ocean is a South Korean shipbuilding company, formerly known as Daewoo Shipbuilding & Marine Engineering, headquartered in South Korea, mainly engaged in shipbuilding, marine engineering equipment construction, and military ship maintenance. The company has close ties with various parties in the United States and conducts various businesses in the U.S. market.
Previously on the 14th, the Chinese Ministry of Commerce issued Order No. 6 of 2025, announcing the implementation of countermeasures against five U.S. subsidiaries of Hanwha Ocean Co., Ltd. The Chinese Ministry of Commerce stated that the reason for taking these countermeasures is that the United States has conducted Section 301 investigations on China's maritime, logistics, and shipbuilding industries and taken measures, which seriously violates international law and the basic principles of international relations, and seriously infringes on the legitimate rights and interests of Chinese enterprises. The U.S. subsidiaries of Hanwha Ocean Co., Ltd. have assisted and supported the U.S. government's related investigation activities, endangering China's sovereignty, security, and development interests.
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