Korea and U.S. to Discuss $350 Billion Investment in the U.S. in Washington This Week

U.S. Energy Projects, Venture Investments Discussed

On the 12th, at the March extraordinary National Assembly plenary session, Park Sooyoung, a member of the People Power Party, explained the proposed Special Act on Investment to the United States. Photo by Yonhap News Agency

This week, trade representatives from Korea and the United States will meet in Washington, D.C. to discuss the implementation of investments in the U.S. totaling 350 billion dollars (approximately 523 trillion won) as agreed under the Korea-U.S. trade agreement.

According to Bloomberg News on March 16 (local time), Korean government officials and representatives from the U.S. Department of Commerce and the National Energy Committee are scheduled to meet to discuss potential investments in U.S. energy projects and other venture sectors.

It was also noted that these discussions are taking place after the passage of the “Special Act for Strategic Korea-U.S. Investment Management” (Special Act on Investment in the United States), which serves as a follow-up measure to the bilateral tariff negotiations and was passed at the National Assembly’s plenary session on March 12.

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