SEOUL - South Korea has officially launched a state-backed entity to execute a historic $350 billion investment pledge in the United States. The Korea-US Strategic Investment Corporation begins operations following new legislation designed to solidify trade relations with Washington.
Former Deputy Trade Minister Park Jong-won has been appointed as the corporation’s first chief executive. Park stated the organization will systematically promote industrial cooperation during a period of significant global economic transformation.
The financial package includes $200 billion directed toward strategic investments in advanced industries and $150 billion specifically for shipbuilding ventures led by Korean firms. Key sectors targeted for development include LNG infrastructure, advanced materials, and battery supply chains.
Under the governing special act, all projects must undergo strict commercial viability reviews to ensure sufficient cash flow for debt repayment. Officials confirm that while negotiations with U.S. counterparts continue, no specific projects have been finalized at this time.