KOTRA Holds Briefing on US Investment Entry in Response to Supply Chain Restructuring

Introduction to Major Industry Trends such as Semiconductors and Future Cars and Promotion of Investment Consultations by Major US States

[Asia Economy Reporter Park Sun-mi] KOTRA announced on the 1st that it will hold the "Global Value Chain (GVC) Restructuring Response U.S. Investment Entry Briefing" on the 2nd of this month in collaboration with the U.S. Embassy in Korea and the U.S. State Government Representative Council in Korea.

About 100 domestic companies related to key Korea-U.S. cooperation sectors such as semiconductors and batteries will attend this briefing. It consists of sessions on U.S. industry and investment trends, one-on-one investment entry consultations, and an introduction to the SelectUSA Summit 2022, providing insights to Korean companies.

This briefing was organized to support corporate-level countermeasures for the restructuring of the global supply chain and to revitalize the entry of domestic companies into the U.S. market, which had slowed due to the COVID-19 pandemic.

In the U.S. industry trends session, the restructuring trends of U.S. manufacturing in response to the rapid changes in the global supply chain will be explained. Experts such as Joe Pasetti, Vice President of the Semiconductor Equipment and Materials International (SEMI), will also present on promising U.S. industries and investment strategies including semiconductors and future vehicles.

The investment trends session will be conducted in a panel discussion format with representatives from 15 U.S. state governments, introducing investment environments and incentives by state. Additionally, through the U.S. investment entry consultation held after the briefing, domestic companies can have one-on-one consultations with state government officials and obtain detailed information about the investment environment in each state.

Furthermore, this briefing will introduce the SelectUSA Summit, the largest U.S. investment attraction event, held from June 26 to 29. KOTRA will invite U.S. state and local government officials in connection with the summit to hold the "Korea-U.S. Investment Cooperation Forum" locally on June 28, where investment cooperation measures between the two countries in sectors such as semiconductors will be discussed.

Jang Sang-hyun, CEO of KOTRA Invest Korea, stated, "The Biden administration emphasizes friend-shoring, cooperating with allied countries on supply chain issues," adding, "We will use this project as an opportunity to enhance our companies' understanding of the U.S.-led global supply chain restructuring and strive to strengthen cooperation between the two countries in key industries such as semiconductors."

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