Korea launched a project management committee led by the industry minister Tuesday to review the viability of potential projects in the United States under Seoul’s $350 billion investment pledge. The Ministry of Trade, Industry and Resources held the inaugural meeting of the project management committee for potential U.S. investment projects, where participants vowed to conduct a comprehensive review of both commercial viability and strategic interests. “The committee will serve as the first gateway in the domestic approval process for investments in the U.S.,” the industry ministry said, noting it will review the commercial viability of projects, as well as their strategic and legal aspects and detailed terms. The steering committee under the Korea-U.S. Strategic Investment Corp. (KUIC), which was launched last week, on the other hand, will be responsible for decision-making and fund management. Projects reviewed by both committees will require additional approval from the National Assembly before consultations with Washington. The National Assembly passed the Special Act on Korea-U.S. S
Industry ministry launches new committee to review US investment projects
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