To carry out the $350 billion investment in the United States, the Korea-U.S. Strategic Investment Corporation Establishment Committee was launched on the 18th and held its first meeting.
The establishment committee is a body created to organize the Korea-U.S. Strategic Investment Corporation, which will execute the investment in the United States. After the Korea-U.S. tariff negotiations, the follow-up legislative measure, the Korea-U.S. Strategic Investment Special Act, passed the National Assembly on the 12th, and the government set up the establishment committee. The committee plans to prepare the corporation's articles of incorporation and staff it.
The Chairperson is Lee Hyeong-il, 1st Vice Minister of the Ministry of Finance and Economy, and the seven members are Min Gyeong-seol, head of the Office of Innovative Growth at the Ministry of Finance and Economy; Park Jeong-seong, assistant minister for trade at the Ministry of Trade, Industry and Resources; Lee Hwan-tae, head of the asset management division at the Korea Financial Investment Association; Lee Tae-hun, executive director at the Korea Federation of Banks; Jeong Cheol, head of the Korea Economic Research Institute at The Federation of Korean Industries; and Jeong Seok-ju, executive director at the Korea Shipbuilding and Offshore Plant Association.
Vice Minister Lee said, "We will proceed with the procedures without a hitch so that the corporation can launch on June 18, the effective date of the Korea-U.S. Strategic Investment Special Act."