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 emphasized the commercial viability of the $350 billion investment talks between Korea and the United States. During a press conference, the president outlined the government's focus on only pursuing projects that demonstrate clear potential for profit. He stated that the negotiations aimed to establish a mutually beneficial framework, carefully evaluating individual project returns, capital recovery mechanisms, and revenue-sharing models.
President Lee stressed that managing a $350 billion investment portfolio is a complex and demanding task, considering taxpayers' money as a crucial factor. He insisted on including the "commercial viability" condition in the official agreement during the initial stages of discussions. Following rigorous negotiations, Korea successfully secured this clause in the final text.
However, the president noted that new challenges emerged once the specific discussions on 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.
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