'520 Trillion Won US Investment' Control Tower Launched... Korea-US Strategic Investment Corporation Incorporation Committee Kicks Off

First Incorporation Committee Meeting Chaired by Vice Minister Lee Hyungil
Official Launch Targeted for June 18

The establishment of the "Korea-US Strategic Investment Corporation," which will support strategic industrial cooperation between Korea and the United States, is now on a full-fledged track.

Lee Hyungil, First Vice Minister of the Ministry of Finance and Economy. Photo by Yonhap News.

The Ministry of Finance and Economy announced on March 18 that it has held the first meeting of the Incorporation Committee, chaired by Lee Hyungil, First Vice Minister, and has begun practical work to organize the structure and personnel in preparation for the corporation's launch in June.

The launch of this Incorporation Committee is a follow-up measure in accordance with the "Korea-US Strategic Investment Special Act," which passed the National Assembly on March 12. The committee is composed of seven members: government officials, including Lee Hyungil as chair, the Director General for Innovation-led Growth at the Ministry of Finance and Economy, the Deputy Minister for Trade at the Ministry of Trade, Industry and Energy, as well as private sector members from the Korea Financial Investment Association and the Federation of Korean Industries.

The committee will be responsible for establishing the corporation's articles of association, capital contribution procedures, and other tasks, and plans to officially launch the corporation on June 18, the effective date of the special act. Lee Hyungil stressed, "The corporation must develop expertise in strategic investment in the United States to practically enhance the economic and security interests of both countries, including supply chain stabilization."

The swift action by the Incorporation Committee is linked to the rapidly changing external environment. When U.S. President Donald Trump mentioned tariff negotiations with Korea and pointed out "legislative delays," the government responded immediately. At a cabinet meeting presided over by President Lee Jaemyung on March 17, the promulgation of the "Special Act on Investment in the United States" was urgently reviewed and approved. This means that the cabinet process was completed just five days after the bill passed the National Assembly with bipartisan support, reflecting a strategy to quickly present a "substantial investment card" in response to U.S. tariff pressure.

The "Korea-US Strategic Investment Fund," which the corporation will manage, will total 350 billion dollars (about 520 trillion won). Of this, 150 billion dollars (about 220 trillion won) will be earmarked for the shipbuilding sector, which is a major U.S. strategic priority, while the remaining 200 billion dollars (about 300 trillion won) will be invested in advanced industrial sectors that enhance the security interests of both countries.

The corporation's capital of 2 trillion won will be fully funded by the government, and the fund will be created through contributions from the corporation and the issuance of "Korea-US Strategic Investment Bonds." The funds raised will be used for equity investments in U.S. government-designated investment entities, as well as loans and guarantees to support shipbuilding cooperation.

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