Amid heightened attention to policy shifts following the inauguration of the Trump Administration 2.0, a seminar was held on Tuesday, March 25, at the Federation of Korean Industries (FKI) Tower in Seoul, co-hosted by LIN and the WTC Utah to examine investment strategies in the U.S. and share Utah's case.
In his opening remarks, Jin Seok Lim (Managing Partner of LIN) emphasized that now is the time for Korean companies and individual investors to pursue new opportunities to enter the U.S. market and that a more strategic approach is required. He expressed his hope that the seminar would serve as an opportunity to build practical partnerships both in Utah and the U.S.
In Session 1, Alex Miller, Investment Consultant (International Trade Administration, U.S. Department of Commerce, Washington, D.C.), introduced “SelectUSA,” the U.S. government's investment promotion program, explaining the policies and infrastructure at the federal level to encourage foreign investment.
Session 2 featured Attorney Tae Joon Bae (LIN), who explained the requirements and procedures of the EB-5 immigrant investor program and provided insights into the possible introduction of the Gold Card program, which has recently attracted attention. Subsequently, Foreign Attorney David H. Yang (LIN) analyzed the renewed emphasis on industrial policy in the US in a geopolitical context and discussed the importance of localization strategies and the role of foreign investment professionals in responding to it.
In Session 3, David Carlebach, Chief Operating Officer of the WTC Utah, introduced the recent changes in the investment climate in Utah, emphasizing that the state is emerging as a promising investment destination in the U.S. based on its favorable business environemnt, stable infrastructure, and responsive administrative system. He also pledged to actively support Korean investors in their successful entry into the U.S.
In Session 4, CEO Kang Soo Lim (Medicell-Healthcare) shared his experience of entering the US healthcare market through the state of Utah. He said that the state's active administrative and institutional support gave him the confidence to take on the challenge of entering the US market, and he was able to achieve results that exceeded his expectations.
Concluding the seminar, Dong Soo Jung, CEO of WTC Utah in Seoul said that the seminar was very beneficial for companies seeking to proactively respond to the policy changes of the Trump Administration 2.0 and to establish strategic investment foothlds in the U.S. He expressed his hope that the two countries will continue to have substantial investment cooperation in the future.