Minister of Trade, Industry, and Resources visits U.S. to attend G20 Innovation Ministerial @ArirangCoKrArirangNEWS
Minister of Trade, Industry, and Resources visits U.S. to attend G20 Innovation Ministerial  @ArirangCoKrArirangNEWS
Uploaded September 2026 | Updated September 2026, 2 weeks ago
김정관 산업부 장관, G20 혁신장관회의 참석차 방미… 한미 경제협력 강화

Also on the diplomatic front.
Industry Minister Kim Jung-kwan is headed for the U.S. today for G20 talks on AI innovation and investment.
Lee Ju-yeon has more.

South Korea's Minister of Trade, Industry, and Resources, Kim Jung-kwan, departed for the U.S. on Tuesday for a four-day trip through North Carolina, Washington, D.C., and Louisiana to boost bilateral economic ties.

Minister Kim will attend the G20 Innovation Ministerial Meeting in North Carolina on Wednesday, focusing primarily on global cooperation for AI innovation.

Then, on Thursday, he will co-host an investment reporting ceremony with the Korea Trade-Investment Promotion Agency in Washington, D.C.
The event aims to attract foreign direct investment from U.S. companies in semiconductors, advanced materials, and offshore wind power, while also gathering feedback and updates on their existing projects in Korea.

On Friday, Minister Kim will attend the groundbreaking ceremony of the Hyundai-POSCO Louisiana steel mill.
Hyundai Motor Group plans to invest a total of 26 billion dollars in the U.S. by 2028, across steel, automotive, and robotics industries.

Experts suggest that this move could help contribute to the establishment of stable supply chains across North America.

"With Hyundai Steel holding a 50% stake, POSCO 20%, and Hyundai Motor and Kia 15% each, steelmakers and automakers are joining hands to build a U.S. manufacturing base. Unlike a conventional joint venture, this serves as a strategic FDI that links the entire supply chain from raw material production to automotive manufacturing."


Meanwhile, the Ministry of Trade, Industry, and Resources also unveiled its 2027 budget proposal on Tuesday, which is set at a record 9.65 billion U.S. dollars.

Within the budget is a new program dedicated to addressing U.S. trade issues and building a foundation for strategic investment cooperation. This will assist with the seamless execution of strategic U.S. investments and response to volatile tariff policies.

Seoul committed to a 350-billion-dollar U.S. investment package, with 150 billion dollars earmarked for shipbuilding, in last year's bilateral trade deal.
As the two nations negotiate specific projects for the remaining 200 billion dollars, speculation looms over what Minister Kim's visit will achieve.

Lee Ju-yeon, Arirang News.

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2026-09-01, 17:00 (KST)
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Minister of Trade, Industry, and Resources visits U.S. to attend G20 Innovation Ministerial

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