The Ministry of SMEs and Startups, the Ministry of Trade, Industry and Resources, and the Ministry of Foreign Affairs on the 25th jointly held a "meeting to review difficulties in U.S. entry and stay for corporations expanding into the U.S." with eight major corporations investing in the United States and related associations.
The government said demand is rising for personnel to be dispatched on site as Korea's corporations expand investment in the United States in batteries and semiconductors. In response, it arranged this meeting to review difficulties arising in the process of entering and staying in the United States and to strengthen communication with the industry.
At the meeting were LG Energy Solution, Samsung SDI, SK On, LG Chem, Dongwha Electrolyte, Enchem, Samsung Electronics, and SK hynix, among other major corporations. Related associations, including the Korea Battery Industry Association (KIBA) and the Korea Semiconductor Industry Association, also took part.
The government shared recent trends in U.S. entry and stay policies, and the attending corporations raised difficulties and needed improvements in areas such as visa issuance, entry screening, and local stay procedures. Based on the corporations' suggestions heard this time, the government plans to continue consultations with the U.S. side.
The government also reflected the suggestion that there is a need to hear on-the-ground opinions more broadly through segmentation by industry, and will include not only large-scale investing corporations but also partner companies entering together as targets for future meetings.
Starting with this meeting on batteries and semiconductors, industry-by-industry relay meetings, including automobiles and shipbuilding, will be held in the first half of the year. Through this, the government plans to review difficulties across the overall U.S. investment ecosystem and to create a stable U.S. investment environment for Korea's corporations.