Kim Yong-beom says US to invest $350 billion in Korea, split into $200 billion cash and $150 billion shipbuilding

U.S. to channel $350 billion into Korea with $200 billion direct investment and $150 billion for shipbuilding

Published 2025.10.29. 19:20 | Updated 2025.10.29. 20:15

Kim Yong-bum, Presidential Chief of Staff for Policy, said on Oct. 29 that "the government of the Republic of Korea agreed on Oct. 29 to the details of the tariff negotiations with the United States."

Office of National Security Director Wi Sung-lac and Policy Office Chief Kim Yong-bum brief at the APEC media center in Gyeongju, North Gyeongsang, on the 29th about the Korea-U.S. summit. /Courtesy of Yonhap News

Kim, speaking at the APEC International Media Center in Gyeongju, North Gyeongsang, that day about the detailed agreement of the Korea-U.S. tariff negotiations, said, "The $350 billion in U.S.-bound financial investment consists of $200 billion in cash investment and $150 billion in shipbuilding."

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