After the United States revealed Japan’s first set of investment plans under its $550 billion commitment, calls are growing for Korea to take faster action on its U.S. investment plans to allay tariff pressures and secure its position in profitable sectors. Experts say shipbuilding can be a good start, as the U.S. has been actively seeking Korea’s participation in reviving its shipbuilding industry. Its Maritime Action Plan, announced last week, seemed to reaffirm that commitment. These calls came after Japan announced Wednesday that the country will invest in three projects worth $36 billion: constructing an artificial diamond manufacturing facility in Georgia, a natural gas power plant in Ohio and a deepwater crude oil export facility off the Texas coast. “The scale of these projects is so large, and could not be done without one very special word, TARIFFS,” U.S. President Donald Trump wrote on his social media account. The progress made between Washington and Tokyo is creating pressure for Korea. Trump threatened on Jan. 26 to raise tariffs on Korean goods to 25 percent, the lev
Shipbuilding seen as starting point for Korea’s US investment projects
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