The Ministry of Economy and Finance announced that a founding ceremony was held at the KUIC headquarters in Sejong City. The event was attended by Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol, officials from the Ministry of Foreign Affairs and the Ministry of Trade, Industry and Energy, as well as James Kim, Chairman of the American Chamber of Commerce in Korea (AMCHAM), the President of the Export-Import Bank of Korea, and the CEO of the Korea Investment Corporation, among others.
The corporation was established under the Special Act on the Operation and Management of Strategic Investments between the Republic of Korea and the United States, which passed the National Assembly in March. Following the law's passage, the Ministry of Economy and Finance formed a founding committee led by First Vice Minister Lee Hyung-il to draft the articles of incorporation, organize the structure, and hire staff, completing the registration of the corporation on the same day.
In his inaugural speech, Deputy Prime Minister Koo stated, "The establishment of the Korea-U.S. Strategic Investment Corporation marks a new evolution of the Korea-U.S. alliance, extending beyond economics and security to encompass advanced strategic industries, solidifying our partnership." He added, "With the United States possessing world-class technology and a vast market, and South Korea having strong manufacturing innovation capabilities, our two countries will combine strengths to become an irreplaceable key hub in the global supply chain."
Koo also emphasized the new corporation's role as a bridge connecting the industrial ecosystems of both nations. He urged, "We must pursue investments that are mutually beneficial based on commercial rationality and strategic considerations, and actively support Korean companies with excellent technology to participate in the restructuring of U.S. manufacturing."
James Kim, Chairman of AMCHAM, remarked, "The Korea-U.S. Strategic Investment Corporation will play a crucial role in translating South Korea's investment plans into concrete investments and outcomes, and AMCHAM will actively support this as a bridge connecting the economies of both countries."
Park Jong-won, the inaugural president of the corporation, stated, "As a dedicated institution for systematically promoting investment cooperation between our two countries during this transformative period of a new economic order, we will strengthen collaboration in strategic industries such as energy and shipbuilding and work to expand the foundation for sustainable growth."
* This article has been translated by AI.
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