Government: "US Investment Restriction Regulations on Concerned Countries Have Limited Impact on South Korea"

The government stated on the 28th that the direct impact of the U.S. Treasury Department's announcement of investment restriction administrative rules on our economy is expected to be limited.

These administrative rules are measures to effectively implement the executive order issued by U.S. President Joe Biden in August last year. According to the rules, from January 2 next year, Americans or U.S. companies will be prohibited from investing in advanced technology sectors of countries of concern. This is to prevent situations where U.S. advanced technology overseas investments strengthen the military, intelligence, surveillance, and cyber capabilities of countries of concern, thereby threatening U.S. security.

The government assessed that since these regulations target Americans or U.S. legal entities, and China (including Hong Kong and Macau) is the only country of concern, the impact on the Korean economy is expected to be minimal.

However, the government explained that it plans to closely communicate with domestic industries and experts, analyze the potential impacts on our economy from multiple perspectives, and actively seek countermeasures.

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