Display Association Welcomes Final U.S. Investment Agreement, Citing Reduced Trade Uncertainties

Momentum for Next-Generation Display Exports to Global Big Tech Firms
Expectations for Building a Stable Local Business Environment

The Korea Display Industry Association welcomed the agreement reached on October 1st between the governments of Korea and the United States to pursue a strategic investment project in the United States.

In its official statement released that day, the Association evaluated, "This final agreement will strongly support the smooth implementation of the Korea-U.S. tariff agreement, and at the same time serve as an important opportunity to broaden the horizons of economic and industrial cooperation between the two countries." The Association added, "Amid the global supply chain restructuring, we expect this will significantly reduce trade uncertainties and make a tangible contribution to enabling the stable advancement of Korean companies into the U.S. market and to improving the local business environment."

The Association further explained, "Demand for advanced displays is expanding, particularly driven by global IT and major big tech companies in the United States, in areas such as artificial intelligence (AI) infrastructure, future mobility, and extended reality (XR) devices." The Association pointed out that, "This project will not only help mitigate trade risks and strengthen the supply chain for key materials, components, and equipment to the U.S., but also serve as an opportunity to further solidify the foundation of advanced industrial cooperation between Korea and the United States."

The Association went on to say, "We hope that the two countries will leverage this strategic investment to further solidify mutual trust and continuously create opportunities for sustainable collaboration, jointly leading advanced technology and future markets."

Previously, U.S. President Donald Trump announced on September 30 (local time) at the Oval Office of the White House in Washington, D.C., that Korea's investment projects in the United States would include 'the construction of a gas-fired power plant in Texas,' 'the construction of eight large nuclear power plants,' and 'the development of liquefied natural gas (LNG) in Alaska.' However, the U.S. side's assertion that a decision had been made to invest in the Alaska LNG development—while the fact sheet formally agreed upon by the two countries stated that 'a review process would begin' for this project—has emerged as a variable in bilateral negotiations.

In relation to this, President Lee Jaemyung posted on X (formerly Twitter) on the morning of October 1, reaffirming, "Among the investment projects in the United States announced by the U.S., the Alaska LNG project will only proceed to 'working level' discussions if its commercial viability is proven and it complies with the legal procedures of the Republic of Korea," reiterating that 'commercial rationality' is a prerequisite. The Ministry of Trade, Industry, and Energy also stated the same day regarding the Alaska LNG project, "No decisions have been made concerning the investment or its scale," and clarified, "We are only starting the review process."

This content was produced with the assistance of AI translation services.