Korean, US biz leaders call for support to accelerate Korean investment projects in US
Korean and U.S. business leaders on Thursday called for faster regulatory approvals, tax and financial support, and visa reforms to ensure the successful implementation of major Korean investment projects in the United States. The call came in a joint declaration issued at a plenary meeting of the U.S.-Korea and Korea-U.S. Business Council, hosted by the Federation of Korean Industries (FKI), and…
Korean and U.S. business leaders have called for accelerated regulatory approvals, tax and financial support, and visa reforms to expedite major Korean investment projects in the United States. This call for action was made in a joint declaration during a plenary meeting of the U.S.-Korea and Korea-U.S. Business Council, attended by around 60 political and business leaders from both nations.
Earlier this month, U.S. President Donald Trump unveiled plans for Seoul's $200 billion investment in the U.S., part of a $350 billion commitment agreed upon last year in exchange for lower U.S. tariffs on Korean goods. The business circles advocate for measures to reduce trade uncertainty and regulate reforms, urging the governments to implement fast-track approval procedures, offer tax and financial incentives for strategic investment projects, and improve visa systems.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
