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Former Deputy Minister Park Jong-won named first president of Korea-US Strategic Investment Corp.
🇰🇷 South Korea /Elections & Politics

Former Deputy Minister Park Jong-won named first president of Korea-US Strategic Investment Corp.

From Dong-A Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Park Jong-won, former Deputy Minister for Trade, has been appointed as the first president of the Korea-US Strategic Investment Corporation.
  • The corporation, established under a Korea-US investment MOU signed in November last year, will operate for 20 years.
  • The appointment comes ahead of the corporation's launch on June 18.

Park Jong-won, the former Deputy Minister for Trade at the Ministry of Trade, Industry and Energy, has been appointed as the inaugural president of the Korea-US Strategic Investment Corporation. The corporation is set to officially launch on June 18.

Park, who passed the 40th Higher Civil Service Examination, has previously held significant positions within the ministry, including Director-General for Small and Medium Enterprise Policy and Director-General for Regional Economic Policy. His extensive experience in trade and economic policy is expected to be instrumental in leading the new organization.

The Korea-US Strategic Investment Corporation is being established following a Memorandum of Understanding (MOU) on investment between South Korea and the United States, signed in November of the previous year. This new entity is designed to facilitate and manage strategic investments between the two nations and is slated to operate for a period of 20 years.

DistantNews Editorial

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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