Kim Yong-beom: South Korea analyzing U.S. investment projects, minister to visit soon

South Korea is meticulously reviewing investment projects proposed by the United States, signaling a proactive approach to strengthening economic ties. Kim Yong-beom, Chief Policy Secretary to the President, revealed on July 19th that a list of potential U.S. investment targets has been received and is undergoing detailed analysis.

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The U.S. has sent us investment target projects, and we are precisely analyzing the list.

Kim made these remarks during an appearance on KBS's 'Sunday Diagnosis,' where he elaborated on the progress of the first major investment project aimed at the U.S. market. He confirmed that the Minister of Trade, Industry and Energy, Kim Jeong-kwan, frequently engages with U.S. counterparts and is scheduled for another visit to the U.S. in the near future to continue these crucial discussions.

"We are preparing to make the first U.S. investment a reality within the next two months," Kim stated, expressing confidence in the timeline. He addressed concerns about potential delays compared to Japan's investment initiatives, explaining that South Korea's process requires the establishment of a special law, the creation of an investment corporation, and the hiring of personnel. "The U.S. understands that we are proceeding at the appropriate scale," Kim added, highlighting mutual understanding and cooperation.

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Minister Kim Jeong-kwan of Trade, Industry and Energy frequently visits the U.S., and it seems he will visit again soon to continue discussions.

The government's commitment to this initiative is underscored by the ongoing efforts to create the necessary legal and institutional frameworks. This strategic push aims not only to secure significant investment but also to demonstrate South Korea's capacity and readiness for large-scale international business collaborations.

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We are preparing to make the first U.S. investment a reality within the next two months.