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 exploring the energy sector for its first project under the $350 billion investment plan with the United States, according to Finance Minister Koo Yun-cheol. At a luncheon hosted by the American Chamber of Commerce in Korea (AMCHAM), Koo mentioned that the establishment of the Korea-U.S. Strategic Investment Corp. (KUIC) in June provided the necessary framework to execute the investment strategy.
Koo urged companies from both nations to collaborate and identify projects that would benefit both countries. He specifically highlighted the potential of the energy sector, citing the growing demand for power and the need to secure affordable energy as artificial intelligence (AI) expands. Koo emphasized the value of combining Korea's engineering expertise with U.S. know-how to create mutually beneficial opportunities.
When questioned about complaints from the U.S. Department of Commerce regarding the delayed selection of the first investment project, Koo assured that there is no intention to deliberate further on the matter.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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