Party and Government Share Progress on U.S. Investment... Are Negotiations Nearing Conclusion?

Democratic Party Lawmakers from Budget and Industry Committees Attend
Negotiation Working-Level Officials Represent Government Side

The party and government discussed the progress of negotiations on investment projects in the United States on September 7.

On that afternoon at the National Assembly Members' Office Building, the Ministry of Trade, Industry and Energy provided an explanation of the negotiations on investment in the United States to members of the Democratic Party belonging to the National Assembly's Finance and Economy Planning Committee and the Trade, Industry, Energy, SMEs and Startups Committee. The party-government meeting was held in a closed-door format.

Okihyung Oh, the ruling party's senior member of the National Assembly's Finance and Economy Planning Committee, is entering the party-government meeting held on the 7th at the National Assembly Members' Office Building to discuss negotiations on investment in the United States. Photo by Yonhap News Agency

According to reports, senior government officials involved in the U.S. investment negotiations, including Jeongseong Park, Deputy Minister for Trade at the Ministry of Trade, Industry and Energy, attended the meeting. Ministry of Trade, Industry and Energy Minister Jeonggwan Kim did not participate as he was accompanying President Jaemyung Lee on a state visit to France.

As the government shared the status of U.S. investment negotiations with the ruling party, some observers believe that discussions between Korea and the United States have made considerable progress. Under the Special Act on Investment in the United States, the government must report relevant details to the appropriate standing committee of the National Assembly before concluding negotiations on investment in the United States.

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