Why is a South Korean auto parts delegation visiting the US?
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Synopsis
A South Korean delegation from KOTRA is in Georgia to explore investment prospects for auto parts manufacturers. Amid rising trade protectionism, this visit emphasizes collaboration and support for global expansion. Discover how this initiative could reshape the automotive landscape and strengthen ties between South Korea and the US.
Key Takeaways
- KOTRA has sent a delegation to the US to explore investment opportunities.
- The visit is in response to rising protectionist trade measures.
- Delegation involved ten South Korean auto parts firms.
- Meetings included seminars and consultations with state officials.
- Georgia is a growing hub for Korean automakers.
Seoul, June 30 (NationPress) The Korea Trade-Investment Promotion Agency (KOTRA) announced on Monday that it has sent a delegation focused on auto parts to the US state of Georgia. This initiative aims to assist local manufacturers in identifying investment prospects amidst increasing protectionist trade policies from Washington.
Coordinated with the government of Gyeonggi Province, this delegation explored the cities of Atlanta and Savannah over three days starting Wednesday, involving 10 South Korean auto parts companies.
The itinerary featured investment seminars, discussions with Georgia state officials, and on-site tours of existing South Korean manufacturing facilities, including the recently completed Hyundai Motor Group Metaplant America, as reported by Yonhap news agency.
Georgia has become a pivotal center for Korean automotive manufacturers such as Hyundai Motor Co. and Kia Corp., whose significant investments in the area have prompted related auto parts suppliers to follow suit.
"We will persist in collaborating with both domestic and international partners to tackle investment challenges and facilitate our companies' global expansion," a KOTRA representative stated.
In a related note, industry Minister nominee Kim Jung-kwan expressed on Monday his commitment to prioritize "national interests" during South Korea's tariff negotiations with the United States and to support the export endeavors of Korean firms amidst global trade uncertainties.
"I aim to lead South Korea's export efforts ... and assist the nation in navigating tough times and transforming crises into opportunities," Kim remarked to reporters while preparing for his parliamentary confirmation hearing.
Regarding the upcoming trade discussions with the U.S. under the Trump administration, Kim indicated that he would collaborate with Trade Minister Yeo Han-koo to secure a tariff agreement grounded in "national interests," acknowledging the challenges faced by Korean companies in the international market.
Prior to this role, Kim was the president overseeing marketing at Doosan Enerbility Co., a leading Korean power equipment manufacturer, where he significantly enhanced the company's standing in the global nuclear energy sector, contributing to the successful bid for the Dukovany nuclear power project in the Czech Republic.
Concerning Lee's campaign pledge to create a new ministry for climate and energy policies, the nominee stated that "industry and energy are inextricably linked."
Point of View
It's crucial for South Korea to engage proactively in global trade discussions. KOTRA's delegation to the US signifies a strategic move to enhance investment and collaboration, particularly as protectionist measures rise. This initiative not only demonstrates commitment to supporting local manufacturers but also aims to strengthen international partnerships.
NationPress
30/06/2025
Frequently Asked Questions
What is the purpose of the South Korean delegation's visit to the US?
The South Korean auto parts delegation aims to explore investment opportunities for local manufacturers amidst increasing protectionist trade measures.
Which cities in Georgia did the delegation visit?
The delegation visited Atlanta and Savannah in Georgia.
How many companies are participating in the delegation?
Ten South Korean auto parts companies are participating in the delegation.
What significant facility did the delegation visit?
The delegation visited the Hyundai Motor Group Metaplant America, which was completed in March.
What is the stance of industry Minister nominee Kim Jung-kwan regarding trade negotiations?
Kim Jung-kwan emphasized his commitment to safeguarding national interests during tariff negotiations with the US.
