South Korea's shipbuilders are betting big on President Donald Trump's ambition to revive the struggling U.S. shipbuilding industry.

Trump said that the frigates will be built at the Philadelphia shipyards, which Hanwha had invested $5 billion into.

South Korea's shipbuilders are betting big on President Donald Trump's ambition to revive the struggling U.S. shipbuilding industry.

Hanwha Group is positioning itself as a central player in the United States' drive to revive its shipbuilding industry, with its Philadelphia shipyard