PM stresses profitability of $350 bil. US investment pledge, rejects discrimination claims
Prime Minister Han Seong-sook said Friday that Korea’s $350 billion investment commitment to the United States must be commercially viable and deliver tangible benefits to both countries. During a meeting hosted by the American Chamber of Commerce in Korea (AMCHAM) in Seoul, she also said the Korean government does not discriminate against companies based on nationality. “Rather than benefiting…
Prime Minister Han Seong-sook emphasized on Friday that Korea's $350 billion pledge to invest in the United States must be financially sound and yield tangible advantages for both nations. Addressing a gathering hosted by the American Chamber of Commerce in Korea (AMCHAM) in Seoul, she stressed the importance of mutual benefits, stating, "Rather than benefiting only one side, it must bring substantive benefits to both countries while maintaining commercial viability."
The prime minister highlighted that the discussions were centered on ensuring profitability for the investment. She further noted that negotiations were advancing smoothly, and the success of the initial project could set the stage for enhanced bilateral cooperation. Her comments were in response to a query from AMCHAM Chairman James Kim, who reported that stakeholders he encountered during a recent visit to Washington were consistently worried about the lack of tangible outcomes from Korea's investment pledge.
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