Seoul, July 29 -- South Korea has reportedly pitched a multibillion-dollar initiative called Make American Shipbuilding Great Again (MASGA) to the United States, as Seoul aims to secure more favourable terms in the ongoing tariff negotiations with Washington, as reported by The Korea Herald.

The proposal was reportedly presented by Korea's Trade, Industry and Energy Minister Kim Jung-kwan during high-level discussions with US Commerce Secretary Howard Lutnick in New York last Friday.

Unnamed sources told Korea Herald that the MASGA plan includes significant investments by Korean shipbuilders in the US, along with government-backed financial support such as loans and guarantees.

State-run entities like the Export-Import Bank of Korea an...