Key facts
- Korean investment continues to strengthen the U.S. economy, support American jobs and deepen commercial ties.
- South Korea plans to invest US$200 billion in the U.S. as part of a broader $350 billion commitment.
- This investment is in exchange for lower U.S. tariffs on South Korean goods.
U.S. Ambassador to South Korea Michelle Steel has highlighted the role of South Korean investment in strengthening the U.S. economy and creating American jobs. Steel made the remarks in a post on X after attending a plenary meeting of the U.S.-Korea and Korea-U.S. Business Council, hosted by the Federation of Korean Industries on Thursday. Her remarks underscored Washington's emphasis on attracting South Korean investment following the announcement by Seoul and Washington of details of South Korea's planned US$200 billion investment in the U.S., part of a broader $350 billion commitment in exchange for lower U.S. tariffs on South Korean goods.