One of the safeguards for recovering Korea’s pledged US$200 billion investment in the US was an overarching investment special purpose vehicle (SPV) that would manage all projects. This entity would consolidate and manage the combined revenue generated by the companies supervising each project. This structure ensured that even if one project suffers losses, profits from others could be used to repay the principal and interest on Korea’s investment.
The Hankyoreh on Wednesday confirmed that Washington recently scrapped this provision which had been included at Seoul’s request during negotiations on the memorandum of understanding (MOU) on Korea’s strategic investment signed last year.
2. How is this related to the sub
(1) Tariff Deal: The U.S. is scrapping the oversight & safeguard structures in Korean investment on the U.S. which ensure profit and transparency. This could result in Korean investment to the U.S. easier to be stolen in grift or corruption while the profit margin for Korean companies is not defended.
Worth-Jicama3936 on
For what purpose?
Maximilianne on
I’d give them a Fell For It Again but I don’t think Koreans (aside from the right wing ones) actually fell for it in the first place
musical8thnotes on
The money is gonna be laundered into TrumpCoin, isn’t it? Though to be honest, I think most Koreans knew the money was always a protection racket extracted from SK and official statements were just temporary window dressing.
4 Comments
1. Summary
One of the safeguards for recovering Korea’s pledged US$200 billion investment in the US was an overarching investment special purpose vehicle (SPV) that would manage all projects. This entity would consolidate and manage the combined revenue generated by the companies supervising each project. This structure ensured that even if one project suffers losses, profits from others could be used to repay the principal and interest on Korea’s investment.
The Hankyoreh on Wednesday confirmed that Washington recently scrapped this provision which had been included at Seoul’s request during negotiations on the memorandum of understanding (MOU) on Korea’s strategic investment signed last year.
2. How is this related to the sub
(1) Tariff Deal: The U.S. is scrapping the oversight & safeguard structures in Korean investment on the U.S. which ensure profit and transparency. This could result in Korean investment to the U.S. easier to be stolen in grift or corruption while the profit margin for Korean companies is not defended.
For what purpose?
I’d give them a Fell For It Again but I don’t think Koreans (aside from the right wing ones) actually fell for it in the first place
The money is gonna be laundered into TrumpCoin, isn’t it? Though to be honest, I think most Koreans knew the money was always a protection racket extracted from SK and official statements were just temporary window dressing.