Ex-trade official tapped to lead new S. Korea-U.S. investment firm (opens original article in a new tab)

A former South Korean trade official has been named head of a new state-run company tasked with managing the country's $350 billion investment pledge to the United States, which includes $150 billion for shipbuilding and $200 billion for strategic sectors. The company, established with 2 trillion won in government funding, will operate for 20 years.

• Former trade official Park Jong-won appointed as head of new South Korea-U.S. investment firm
• New company established to manage South Korea's $350 billion investment pledge to U.S.
• Government provides 2 trillion won as initial funding for the corporation