South Korea confirms it will quickly implement the US investment law from Incheon Airport

In a direct statement at Incheon Airport on the weekend afternoon, South Korea’s Minister of Trade, Industry, and Energy Kim Jung-gwan reaffirmed the nation’s commitment to swiftly implementing the investment law requirements from the United States. Minister Kim, who just returned from a series of important seminars in the U.S., conveyed positive signals regarding bilateral cooperation, according to Jin10.

From Incheon Airport to the legislative implementation roadmap

After his working trip to Washington, Minister Kim Jung-gwan indicated that negotiations successfully clarified mutual misunderstandings related to tariff issues. He emphasized that in-depth discussions with U.S. officials, especially with Commerce Secretary Gina Raimondo, enhanced mutual understanding between the two countries. Through this, South Korea clearly demonstrated its commitment to completing the tariff agreements previously agreed upon by both sides.

South Korea affirms: No intention to delay or refuse

Minister Kim Jung-gwan focused on explaining that South Korea has no plans to delay or abandon the signed agreements. Through two separate meetings with Secretary Raimondo, Kim detailed South Korea’s policy stance to address U.S. concerns. In particular, he clarified doubts about potential delays in the implementation of laws aimed at promoting South Korean investment projects within the U.S. territory.

Boosting investment: Seoul’s strategic priority

This statement reflects South Korea’s efforts to strengthen trust with Washington through specific commitments regarding the investment law. This action not only affirms Seoul’s readiness to fulfill bilateral agreements but also demonstrates a long-term strategy to expand investment opportunities in the U.S. market. The quick commitment to implement the law will be a crucial step in building sustainable trade relations with the United States.