Korea decides on 1st US investment project, draws up plans for 2 others

Korea has chosen the first investment project under its $350 billion U.S. investment pledge and has developed plans for two additional projects, as they continue to finalize the details of their investment agreement. Industry Minister Kim Jung-kwan informed the National Assembly's Trade, Industry, Energy, SMEs and Startups Committee about the project on Tuesday.

Kim stated that the government decided to pursue the project after reviews conducted by committees led by the industry and finance ministers. He explained, "Today, I would like to report on one project for which the government has decided to pursue."

Kim further revealed that the government has prepared implementation plans for two other projects that, while not yet approved, align with the shared interests between Korea and the United States. He said, "Although we have not yet decided to pursue these projects specifically, I would like to report on the implementation plans for two projects that reflect the interests of both countries."

Kim mentioned that the government has identified several projects that could potentially benefit from the U.S. investment.