As Korean companies ramp up investments in US-based industries—particularly in battery manufacturing—South Korea’s state-run export credit agency is establishing a stronger presence on American soil.
The Korea Trade Insurance Corp. (K-SURE) officially opened its Washington, D.C., branch on Tuesday, signaling its intent to play a more active role in supporting Korean enterprises entering or expanding in the US market. The launch comes at a time of ongoing trade tensions and policy shifts under US President Donald Trump, whose tariff measures have raised concerns for exporters worldwide.
The office opening was marked by a ceremony attended by Korean Ambassador to the United States Cho Hyun-dong, K-SURE president Jang Young-jin, and the newly appointed Washington office head Steve Kang.
"As global supply chains continue to shift, investment by Korean businesses in the U.S. is rapidly growing, K-SURE's Washington D.C., office will play a key role in supporting these investment activities on the ground," Jang said.
He also revealed that K-SURE plans to provide over $2.2 billion in financing this year for US-based projects involving Korean companies, especially those in the battery sector.
Beyond project financing, the agency aims to use the new office to deepen bilateral economic ties. Jang highlighted K-SURE’s commitment to facilitating Korean exports, promoting outbound investment, and strengthening Korea-U.S. economic relations through international cooperation.
