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Ministry of Trade, industry and Resources PRESS CENTER Press Releases

Press Releases

Minister Kim Visits the U.S. to Attend G20 Innovation Ministerial and Expand Korea–U.S. Economic Cooperation

Minister JK (Jung-Kwan) Kim of the Ministry of Trade, Industry and Resources (MOTIR) will visit North Carolina, Washington, D.C., and Louisiana from September 1 to 4, 2026 (U.S. local time), to attend the G20 Innovation Ministerial, an investment declaration ceremony, and the groundbreaking ceremony for the HYUNDAI-POSCO Louisiana Steel (HPLS) mill.


On September 2, Minister Kim will first attend the G20 Innovation Ministerial in Chapel Hill, North Carolina, where he will discuss global cooperation to advance AI innovation, with a focus on AI-related intellectual property rights, standards, and supply chains.


On September 3, Minister Kim will then attend an investment declaration ceremony and roundtable in Washington, D.C. hosted by MOTIR and the Korea Trade-Investment Promotion Agency (KOTRA), marking the foreign direct investments into Korea from U.S. companies in the semiconductor, advanced materials, and offshore wind sectors. Minister Kim will also discuss with the U.S. companies regarding their investments in Korea and listen to their suggestions.


On September 4, Minister Kim will also attend the groundbreaking ceremony for the HPLS mill in Donaldsonville, Louisiana. The mill is one of the projects under Hyundai Motor Group’s USD 26 billion U.S. investment plan, which includes USD 5.8 billion for Hyundai Steel. Hyundai Motor Group announced the plan at the White House last year, and it was later expanded by additional investment from Hyundai Motor Company. The mill will contribute to building a stable supply chain in North America. Before the ceremony, Minister Kim will meet with Louisiana Governor Jeff Landry to discuss mutually beneficial, strategic cooperation between Korea and the United States, including energy.


“This visit underscores the active two-way investment cooperation between our two countries, demonstrating Korean companies’ commitment to strengthening supply chain cooperation through their investments in the United States, while also attracting U.S. investments into Korea at the same times,” Minister Kim said.