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 in South Korea had planned to hold a closed-door parliamentary briefing this week regarding Korea's $350 billion investment project in the United States. However, the briefing has been delayed without any disclosed reasons, according to sources who spoke on Wednesday.
The investment project, which was a result of a bilateral agreement signed last year, is expected to include $150 billion for shipbuilding cooperation and $200 billion for strategic sectors. These sectors have yet to be specified.
The delay in the parliamentary briefing was attributed to the Ministry of Trade, Industry and Resources, which decided to postpone the session without providing any specific details. Observers speculated that the delay could be due to the lack of progress in negotiations between South Korea and the United States.
Despite the delay, an official from the industry ministry confirmed that negotiations with the U.S. are ongoing as of the time of the report. The exact reasons for the delay are yet to be elucidated.
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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