The state-run Korea Trade Insurance Corp. (K-SURE) opened a new branch office in Washington on Tuesday. The move is part of K-SURE’s effort to boost support for Korean businesses seeking to expand exports and invest in the United States, especially amidst concerns over U.S. President Donald Trump’s tariff policies.
The event was attended by Korean Ambassador to the U.S. Cho Hyun-dong, K-SURE President Jang Young-jin, Washington office chief Steve Kang, and other distinguished guests.
K-SURE President Jang Young-jin highlighted the growing investment by Korean businesses in the U.S., noting that the new Washington office will be instrumental in supporting these activities directly. “As global supply chains continue to shift, investment by Korean businesses in the U.S. is rapidly growing,” Jang said. “K-SURE’s Washington office will play a key role in supporting these investment activities on the ground.”
Jang also revealed that K-SURE plans to provide over $2.2 billion in financing for several battery-related projects led by Korean companies in the U.S. this year.
In addition to supporting Korean exports and overseas investments, Jang reaffirmed K-SURE’s commitment to strengthening Korea-U.S. economic ties and contributing to global economic growth through international cooperation.
Steve Kang, chief of the new Washington office, described the office’s opening as a major milestone in K-SURE’s mission to enhance economic relations between Korea and the U.S. He outlined several key objectives for the office, including facilitating business growth for both Korean and U.S. companies and improving collaboration with the U.S. government.
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