S. Korea exchange minister urges U.S. companies to develop funding
1 of two | South Korean Exchange, Exchange and Vitality Minister Kim Jeong-kwan speaks in the middle of a gathering with the American Chamber of Commerce in Korea and U.S.-affiliated companies investing in South Korea at the Seoul Authorities Advanced on Thursday. Photo by Asia This day
Jan. 9 (Asia This day) — South Korea’s exchange minister Kim Jeong-kwan on Thursday urged U.S.-affiliated international-invested companies to continue expanding funding in South Korea, announcing the govt. will work to contemplate concerns raised by member companies of the American Chamber of Commerce in Korea in its policies.
Kim, the minister of Exchange, Exchange and Vitality, made the remarks in the middle of a gathering with representatives of chamber member companies and U.S.-affiliated companies investing in South Korea at the Seoul Authorities Advanced, the ministry talked about.
The assembly was held at the chamber’s ask to evaluate the home funding ambiance, discuss challenges confronted by U.S.-affiliated companies and secure in thoughts govt make stronger measures, the ministry talked about.
The session was the major formal communication match since the signing of what the ministry described as a South Korea-U.S. strategic funding memorandum of realizing in November and the proposal of a invoice it referred to as a determined act on strategic funding management.
Kim thanked U.S. companies for what the ministry described as document-high funding in South Korea final year. The ministry cited figures exhibiting U.S. funding fell from $8.7 billion in 2022 to $6.1 billion in 2023 and $5.2 billion in 2024, earlier than rising 86.6% year-on-year to $9.77 billion in 2025.
Kim talked about the leap in U.S. funding got right here as South Korean corporate funding in the United States has been expanding following the conclusion of South Korea-U.S. tariff negotiations, calling it a symbolic result that shows mutually helpful funding cooperation.
“I secure in thoughts all companies working in Korea to be Korean companies, and particularly worth these investing in Korea,” Kim talked about, in response to the ministry. He talked about the chamber and companies trace had been treasured partners.
Kim talked about he hopes to peek persisted funding in areas a lot like AI knowledge facilities, semiconductors and bio, adding that he wants this year to be one in which bilateral economic cooperation moves ahead extra dynamically.
AMCHAM Chairman James Kim talked about this year marks the 250th anniversary of the founding of the United States and the 144th anniversary of South Korea-U.S. diplomatic family members, calling it a meaningful year, in response to the ministry.
He talked about hasty advances in AI and shifts in the geopolitical ambiance secure heightened the significance of the bilateral partnership for economic security and sustainable increase.
He also referenced CES 2026 in Las Vegas, announcing South Korea ranked third globally in the scale of nationwide participation and that South Korean companies gained about 60% of this year’s CES Innovation Awards, with many of the winners being small and medium-sized enterprises, the ministry talked about.
Companies at the assembly shared views on merchandise-particular tariff talks and on the operation of international funding incentive programs, the ministry talked about, adding it would evaluate solutions raised and continue communication with major international-invested companies.
— Reported by Asia This day; translated by UPI
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