Korea invests nearly 40 billion USD in the US

On the occasion of the Korea-US Summit taking place during the visit to the US by South Korean President Moon Jae-in, four major Korean corporations announced plans to invest 44 trillion won ($39.4 billion) in the US.
At the recent Korea-US Business Roundtable at the headquarters of the US Department of Commerce with the participation of South Korean President Moon Jae-in, Samsung Electronics announced that it will invest 17 billion USD to build the project. new semiconductor chip factory in the US.

Two battery manufacturers LG Energy Solution and SK Innovation also decided to proceed with an investment plan of 14 billion USD, including both private investment and joint venture with the US company. Hyundai Motor Company announced an investment of $7.4 billion to expand production and charging infrastructure for electric cars in the US. Photo: YONHAP News Semiconductor chip maker SK Hynix will spend $1 billion to establish a large-scale Research and Development (R&D) Center to innovate new growth areas such as artificial intelligence (AI), solutions NAND memory chips in Silicon Valley. At the conference, businesses emphasized the importance of the North American market in the key business segments of the future, such as the information and communication technology industry (including semiconductor chips), batteries, and batteries. electric bowl; announced to expand the market through cooperation with businesses with advanced American technology and needs, possessing new technologies. Also at this event, the leading US chemical company – DuPont announced a plan to build a Research and Development Center in Korea, to develop original technologies for semiconductor chip materials. Attending the Korea-US Business Roundtable, the Korean side included Minister of Industry, Trade and Resources Moon Seung-wook and leaders of major corporations SK, Samsung electronics, Hyundai automobiles, LG Energy Solution. , Samsung Biologics, SK Bioscience. The US side includes Commerce Secretary Gina Raimondo, along with leaders of Qualcomm, GM International, Novavax, DuPont, and Ampere Computing.