PM stresses profitability of $350 bil. US investment pledge, rejects discrimination claims against Coupang

Prime Minister Han Seong-sook emphasized the necessity for the $350 billion US investment pledge from Korea to be commercially viable and beneficial for both nations during a meeting with the American Chamber of Commerce in Korea (AMCHAM) in Seoul. She stated that the government does not discriminate against companies based on their nationality, aiming for the investment to provide substantial benefits to both countries while maintaining commercial viability.

The prime minister mentioned that negotiations are ongoing, focusing on ensuring profitability for the investment. She highlighted that discussions are taking place to establish a successful model through the first project, which could lead to broader bilateral cooperation. Prime Minister Han's remarks were made in response to a question from AMCHAM Chairman James Kim, who noted that stakeholders he met during a recent visit to Washington repeatedly expressed concerns that the Korean investment pledge had not yet yielded concrete results.