U.S. commerce chief says 90% of Korea’s $350 billion investment will benefit Americans
Korea JoongAng Daily

Home > Business > Economy

print dictionary print

U.S. commerce chief says 90% of Korea’s $350 billion investment will benefit Americans

Published: 31 Jul. 2025, 08:44 Updated: 31 Jul. 2025, 08:58
U.S. Secretary of Commerce Howard Lutnick participates in a Cabinet Meeting in the Cabinet Room of the White House in Washington on July 8. [EPA/YONHAP]

U.S. Secretary of Commerce Howard Lutnick participates in a Cabinet Meeting in the Cabinet Room of the White House in Washington on July 8. [EPA/YONHAP]

 
U.S. Secretary of Commerce Howard Lutnick said Wednesday that "90 percent of the profits" from the $350 billion Korea will invest in the United States will be "going to the American people" via a post on his X account.
 

Related Article


BY SHIN MIN-HEE [[email protected]]
tags lutnick tariff trump

More in Economy

Seoul searches for ways to lift the oil price cap. But is a soft landing possible?

Nearly 120,000 people receive over 2 million won per month in pension

Korea's major financial groups classify 3 trillion won loans as estimated loss in Q1

Over 70% apply for oil price relief just four days after launch

Korea's exports top $80 billion for 2nd month in April

Related Stories

Lutnick vowed to 'fix' U.S. visa issue for Korean workers: Industry minister

U.S. commerce chief says Trump to meet Canada, Mexico in middle on tariffs

Industry minister arrives in Washington to discuss tariffs with U.S. commerce secretary

Accept the deal or face tariffs, Lutnick says as trade talks remains in deadlock

Trump's commerce secretary nominee accuses Korea and Japan of exploiting America's 'good nature'
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)