Korea eyes energy for 1st project under $350 bil. US investment plan: finance minister
The energy sector is being considered for Korea's first project under its $350 billion investment commitment to the United States, Finance Minister Koo Yun-cheol said Wednesday. Speaking at a luncheon hosted by the American Chamber of Commerce in Korea (AMCHAM), Koo said the launch of the Korea-U.S. Strategic Investment Corp. (KUIC) in June provided the institutional framework needed to put the…
Korea is considering the energy sector for its first investment project under the $350 billion commitment to the United States, according to Finance Minister Koo Yun-cheol. Speaking at an American Chamber of Commerce in Korea luncheon, Koo explained that the establishment of the Korea-U.S. Strategic Investment Corp. in June provided the necessary framework to execute the investment plan.
Koo urged companies from both nations to collaborate in identifying projects that would be mutually advantageous. He highlighted that energy was one of the areas garnering significant interest, as the demand for power rises with the expansion of artificial intelligence. Koo emphasized that combining Korea's engineering expertise with U.S. know-how could create mutually beneficial opportunities.
When addressing complaints from the U.S. Department of Commerce regarding the delayed selection of the first investment project, Koo stressed that there were no intentions to deliberate further on the matter.
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