Prime Minister Han Seong-sook said Friday in Seoul that Korea’s $350 billion investment pledge to the United States must be commercially viable and benefit both countries. She said the government does not discriminate against companies by nationality and that negotiations are moving smoothly. Han also said the first project could help set a model for wider bilateral cooperation.
Prime Minister Han Seong-sook, left, speaks as American Chamber of Commerce in Korea (AMCHAM) Chairman James Kim listens during a meeting hosted by AMCHAM in Seoul, Friday. Yonhap
Prime Minister Han Seong-sook said Friday that Korea’s $350 billion investment commitment to the United States must be commercially viable and deliver tangible benefits to both countries.
During a meeting hosted by the American Chamber of Commerce in Korea (AMCHAM) in Seoul, she also said the Korean government does not discriminate against companies based on nationality.
“Rather than benefiting only one side, it must bring substantive benefits to both countries while maintaining commercial viability,” Han said during the meeting at The Shilla Seoul hotel. “As this is an investment, discussions are also taking place on how to ensure profitability.”
