China's sanctions against South Korean shipbuilding companies may affect costs and the development of U.S.-South Korea relations.

Foreign media: Sanctions against Hanwha Ocean, a South Korean shipbuilding giant, by China may lead to increased costs for the company in the medium term, but could strengthen relations between South Korea and the United States in the long run.

China has imposed sanctions on five U.S. subsidiaries of Hanwha Ocean, citing the company's support for U.S. investigations into Chinese enterprises and the implementation of new port fees.

South Korean President Yoon Suk-yeol visited the Philadelphia Shipyard acquired by Hanwha Group for $100 million, which is part of the U.S.-South Korea "Make American Shipbuilding Great Again" collaboration project, aimed at revitalizing the U.S. shipbuilding industry through South Korean investment, with a total project value potentially reaching $150 billion.

Original article: www.toutiao.com/article/1846947749868608/

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