Yoon's US Visit Achieves KRW 2.5 Trillion Investment Attraction from US Hydrogen and Semiconductor Companies

KOTRA to Hold 'Korea-US Investment Declaration Ceremony' in Washington on the 25th
"Expect Strengthened Cooperation in Advanced Industries and Future Energy Between the Two Countries"

President Yoon Suk-yeol, during his state visit to the United States, secured $1.9 billion (approximately 2.55 trillion KRW) in investments from six American hydrogen, semiconductor, and eco-friendly companies, KOTRA announced on the 26th.

KOTRA reported that it held the 'Korea-US Investment Declaration Ceremony' at 10:30 a.m. local time in Washington, D.C., the previous day, hosted by the Ministry of Trade, Industry and Energy. The ceremony was conducted with President Yoon in attendance.

During President Yoon Suk-yeol's state visit to the United States, KOTRA held the 'Korea-US Investment Reporting Ceremony' hosted by the Ministry of Trade, Industry and Energy on the morning of the 25th (local time) in Washington. A photo of a US company A taking a commemorative photo with President Yoon.
[Photo by KOTRA]

If Air Products' investment plan to establish ammonia and hydrogen storage and production facilities proceeds, it will mark the largest-ever foreign investment in the hydrogen sector. The introduction of eco-friendly green ammonia into Korea is expected to contribute to the government's 2050 carbon neutrality goal. Following Plug Power's establishment of hydrogen fuel cell and water electrolysis equipment production facilities, the expansion of domestic hydrogen infrastructure and the adoption of advanced technologies are expected to accelerate.

Onsemi, a global leader in the power semiconductor market, will expand its SiC power semiconductor production facilities. SiC power semiconductors are key materials for electric vehicle power semiconductors. Onsemi plans to procure materials, parts, and equipment necessary for SiC semiconductor production from domestic companies. This is expected to contribute to building Korea's next-generation power semiconductor industry ecosystem and strengthening the electric vehicle production base. Green Tweed, a semiconductor O-ring technology company, is investing in a new domestic production facility, which is expected to help make the semiconductor equipment supply chain thicker and more robust. O-rings are circular rings that prevent water leakage.

American plastic recycling company PureCycle is establishing a waste plastic recycling production facility, and EMP Belstar is expanding its eco-friendly ultra-low temperature logistics (cold chain) warehouse, both expected to contribute to building a domestic circular economy. They recycle plastic waste and previously discarded liquefied natural gas (LNG) cold energy.

KOTRA stated that it has been prioritizing and closely managing these investment declaration projects as key investment targets, providing close support to companies in cooperation with the Ministry of Trade, Industry and Energy and local governments. KOTRA President Yoo Jung-yeol said, "Close economic cooperation with the United States, a powerhouse in strategic national industries such as semiconductors, secondary batteries, and bio, is essential," adding, "We will actively engage in investment attraction activities with the government to expand investments in Korea by U.S. advanced semiconductor companies and future technology companies in eco-friendly energy."

This content was produced with the assistance of AI translation services.