Korean and U.S. business leaders call for measures to accelerate Korean investment projects in the United States, citing regulatory and logistical barriers that can slow implementation. Their appeal is made in a joint declaration from a plenary meeting of the U.S.-Korea and Korea-U.S. Business Councils, hosted by the Federation of Korean Industries, which brings together dozens of officials, executives, and experts from both countries.
The business groups ask both governments to reduce trade uncertainty, reform regulations, and introduce fast-track approval procedures. They also call for tax and financial incentives for companies participating in strategic investment projects, along with improvements to visa systems to support cross-border business activity.
Separately, South Korean President Lee Jae Myung meets U.S.-Korea Business Council chair Evan G. Greenberg (CEO of Chubb Group) to discuss economic cooperation and trade relations. Lee urges the U.S.-Korea Business Council to actively explore new investment and business opportunities in South Korea, emphasizing complementary cooperation that expands U.S. investment in Korea alongside Korean investment in the United States.
The efforts follow U.S. President Donald Trump’s announcement of details of Seoul’s planned $200 billion investment in the U.S., part of a broader $350 billion commitment agreed last year in connection with lower U.S. tariffs on Korean goods.
