President stresses 'commercial viability' in $350 bil. US investment talks
President Lee Jae Myung said Korea is continuing talks with the United States on the details of its $350 billion investment plans based on the principle that it will pursue only projects with “commercial viability.” During a press conference on Friday, he said the overarching goal is to establish a mutually beneficial framework by thoroughly scrutinizing individual project returns, capital…
President Lee Jae Myung has emphasized that Korea's $350 billion investment talks with the United States must focus on projects with "commercial viability." Speaking at a press conference on Friday, he stated that the primary objective is to create a mutually beneficial framework by thoroughly examining project returns, capital recovery mechanisms, revenue-sharing models, and how potential losses will be allocated.
"Managing the U.S. investment portfolio is an extraordinarily complex and demanding endeavor. From my standpoint, $350 billion represents taxpayers' money," President Lee asserted. He insisted that the phrase "commercial viability" be incorporated into the official agreement from the beginning. After intense negotiations, Korea successfully secured this condition in the final text.
President Lee noted that while this was an exceptionally difficult struggle, as no other nation had managed to include such a clause, new challenges arose once discussions on actual capital deployment commenced.
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.
