Temporary Framework for "Korea-US Strategic Investment" Goes Fully Operational

First "Korea-US Strategic Investment MOU Implementation Committee" Convened

The temporary implementation framework for Korea-US strategic investment is now in full operation. The government plans to accelerate preparations to ensure the seamless implementation of the Korea-US tariff agreement.

The Ministry of Trade, Industry and Energy announced on the 13th that it held the first "Korea-US Strategic Investment MOU Implementation Committee" meeting on the same day.

Kim Jeonggwan, Minister of Trade, Industry and Energy (left), presided over and delivered remarks at the "1st Korea-U.S. Strategic Investment MOU Implementation Committee" held on the 13th at the Korea Trade Insurance Corporation in Seoul. Ministry of Trade, Industry and Energy

At the end of last month, following US President Trump's social media post on tariff hikes, the government explained to the US side the legislative developments regarding the "Special Act on Korea-US Strategic Investment Management" and, through various channels, emphasized its commitment to the seamless implementation of the Korea-US tariff agreement. In addition, even before the Special Act is passed, the government established a temporary implementation framework through the External Economic Ministers' Meeting held on the 10th, so that potential projects can be reviewed in advance. This Implementation Committee meeting is the first session to fully activate the temporary implementation framework.

During the meeting, participants shared recent developments in the implementation of the Korea-US tariff agreement and discussed the review direction for potential Korea-US strategic investment projects, as well as future implementation procedures. They agreed that each ministry and agency must work in close coordination to ensure that investment projects in the United States are pursued in a way that serves the national interest.

Minister of Trade, Industry and Energy Kim Jungkwan said, "Through the Implementation Committee, we will thoroughly prepare for the implementation of the Korea-US tariff agreement and thereby help reduce trade uncertainties facing Korean companies in the US market," adding, "All projects to be carried out under the Korea-US Strategic Investment MOU will be reviewed in a transparent and rigorous manner, with the national interest as the top priority."

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