Investing $1.1 billion in North American semiconductor and electric vehicle companies in Korea… KOTRA held an investment declaration ceremony attended by President Yoon

KOTRA held a North American investment declaration ceremony and investor roundtable in New York on the 22nd (local time).

This event was poised to strengthen supply chain cooperation between the two countries in national strategic industries such as semiconductors, secondary batteries, and biotechnology, and to broaden the basis for future cooperation such as electric vehicles and carbon neutrality , taking the opportunity President Yoon Seok-yeol Visit to the United States to attend the United Nations General Assembly. The event was hosted by the Ministry of Commerce, Industry and Energy and the event was hosted by KOTRA.

At the first investment declaration ceremony, a total of seven companies, including Applied Materials, DuPont, Integris, BorgWarner, and Solid Energy Systems, reported investments worth $1.1 billion under the presence of President Yoon.

Most of the reported projects are high-tech industries such as semiconductors, electric vehicles, and secondary batteries, which the Korean government is focused on fostering. It is expected to contribute to strengthening industrial competitiveness along with expanding the supply chain in the future.

Considering the importance of establishing a core industrial supply chain and ensuring future competitiveness, KOTRA has been focusing on the priority management of these investment notification projects as a target for attracting investment, and has been supporting and collaborating closely with r Ministry of Trade, Industry and Industry. Energy and related local governments.

In the investor roundtable that followed, representatives from semiconductor companies such as Lam Research and Excelis, including similar companies to an investment statement, and representatives from 13 global companies such as Google, Boeing, Johnson & Johnson, and Pfizer took part . At this event, companies shared their investment results and presented future investment plans, while exchanging views on difficulties in the process of proceeding with investment projects and making decisions.

Global companies cited Korea’s excellent workforce, manufacturing infrastructure, and high growth potential as major investment drivers, and although they showed a positive stance on expanding investment in the future, they suggested that the government tighten regulation, expand incentives, and support for securing a local technical workforce. .

KOTRA President Yoo Jeong-yeol said, “The importance of attracting investment to respond to the global supply chain reorganization and ensure future machine growth is greater than ever. As this intensifies, we will work working with the government to improve the environment for attracting investment.”