Minister of Trade, Industry and Resources Kim Jung-kwan attends a committee meeting under the Korea-U.S. Strategic Investment Corp. held at Seoul Government Complex in Seoul, Tuesday. Yonhap
Korea launched a project management committee led by the industry minister Tuesday to review the viability of potential projects in the United States under Seoul's $350 billion investment pledge.
The Ministry of Trade, Industry and Resources held the inaugural meeting of the project management committee for potential U.S. investment projects, where participants vowed to conduct a comprehensive review of both commercial viability and strategic interests.
"The committee will serve as the first gateway in the domestic approval process for investments in the U.S.," the industry ministry said, noting it will review the commercial viability of projects, as well as their strategic and legal aspects and detailed terms.
The steering committee under the Korea-U.S. Strategic Investment Corp. (KUIC), which was launched last week, on the other hand, will be responsible for decision-making and fund management.
