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

Korea has selected its inaugural project to pursue under the $350 billion US investment commitment, and has developed implementation plans for two additional projects. Industry Minister Kim Jung-kwan informed the National Assembly's Trade, Industry, Energy, SMEs and Startups Committee about the selected project on Tuesday. He announced that the government had chosen the project following assessments by committees led by the industry and finance ministers.

Kim stated, "Today, I would like to report on one project for which the government has decided to pursue." He further revealed that the government has prepared implementation plans for two other projects, which are awaiting approval but align with mutual interests between Korea and the United States. "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 explained. The government has pinpointed projects that could potentially benefit both nations.