Industry ministry's parliamentary briefing on US investment project delayed: sources
The industry ministry's planned briefing to the National Assembly this week on Korea's investment project in the United States has been delayed for undisclosed reasons, sources said Wednesday. According to the sources, the Ministry of Trade, Industry and Resources originally planned to hold a closed-door parliamentary briefing Thursday on Korea's first investment project in the U.S. under a…
The Ministry of Trade, Industry and Resources initially intended to hold a closed-door parliamentary briefing on Korea's first investment project in the United States this week. However, the briefing has been postponed without providing any specific reasons, according to sources cited on Wednesday. The project, which is part of Korea's $350 billion investment pledge in return for reduced U.S. tariffs, includes $150 billion for shipbuilding cooperation and $200 billion for various strategic sectors.
The delay, as reported by industry ministry sources, coincided with the failure of Seoul and Washington to finalize negotiations during the critical stages. The ministry's official confirmed that talks with the U.S. are ongoing, and the postponement is ongoing.
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