investment

S. Korea industry minister urges U.S. firms to expand investment

1 of 2 | South Korean Trade, Industry and Energy Minister Kim Jeong-kwan speaks during a meeting with the American Chamber of Commerce in Korea and U.S.-affiliated companies investing in South Korea at the Seoul Government Complex on Thursday. Photo by Asia Today

Jan. 9 (Asia Today) — South Korea’s industry minister Kim Jeong-kwan on Thursday urged U.S.-affiliated foreign-invested companies to continue expanding investment in South Korea, saying the government will work to reflect concerns raised by member companies of the American Chamber of Commerce in Korea in its policies.

Kim, the minister of Trade, Industry and Energy, made the remarks during a meeting with representatives of chamber member companies and U.S.-affiliated firms investing in South Korea at the Seoul Government Complex, the ministry said.

The meeting was held at the chamber’s request to review the domestic investment environment, discuss challenges faced by U.S.-affiliated firms and consider government support measures, the ministry said.

The session was the first formal communication event since the signing of what the ministry described as a South Korea-U.S. strategic investment memorandum of understanding in November and the proposal of a bill it called a special act on strategic investment management.

Kim thanked U.S. companies for what the ministry described as record-high investment in South Korea last year. The ministry cited figures showing U.S. investment fell from $8.7 billion in 2022 to $6.1 billion in 2023 and $5.2 billion in 2024, before rising 86.6% year-on-year to $9.77 billion in 2025.

Kim said the jump in U.S. investment came as South Korean corporate investment in the United States has been expanding following the conclusion of South Korea-U.S. tariff negotiations, calling it a symbolic outcome that reflects mutually beneficial investment cooperation.

“I consider all companies operating in Korea to be Korean companies, and especially value those investing in Korea,” Kim said, according to the ministry. He said the chamber and companies present were valuable partners.

Kim said he hopes to see continued investment in areas such as AI data centers, semiconductors and bio, adding that he wants this year to be one in which bilateral economic cooperation moves forward more dynamically.

AMCHAM Chairman James Kim said this year marks the 250th anniversary of the founding of the United States and the 144th anniversary of South Korea-U.S. diplomatic relations, calling it a meaningful year, according to the ministry.

He said rapid advances in AI and shifts in the geopolitical environment have heightened the importance of the bilateral partnership for economic security and sustainable growth.

He also referenced CES 2026 in Las Vegas, saying South Korea ranked third globally in the scale of national participation and that South Korean companies won about 60% of this year’s CES Innovation Awards, with many of the winners being small and medium-sized enterprises, the ministry said.

Companies at the meeting shared views on item-specific tariff talks and on the operation of foreign investment incentive systems, the ministry said, adding it will review suggestions raised and continue communication with major foreign-invested companies.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

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Trump, oil and gas execs discuss $100B investment in Venezuela

Jan. 9 (UPI) — President Donald Trump and executives for several U.S. oil and gas companies discussed a potential $100 billion investment in Venezuela’s energy sector Friday after Venezuelan President Nicolas Maduro‘s capture.

Trump met with executives from Chevron, ConocoPhillips, ExxonMobil and other U.S. oil and gas firms and encouraged them to invest $100 billion to refine and sell seized Venezuelan oil, CBS News reported.

The president offered to guarantee the security of oil and gas companies if they returned to Venezuela, which decades ago seized infrastructure owned and built by U.S. firms when former President Hugo Chavez nationalized the country’s oil and gas industry.

With the backing of the United States and security assurances, Trump said the oil and gas companies would “get their money back and make a very nice return,” as reported by CNBC.

He offered to make a deal with the oil and gas companies as soon as Friday and said it would help to lower energy costs for U.S. consumers.

Venezuela has an estimated 303 billion barrels of proven reserves of crude oil, which equals about 17% of the world’s supply, according to the U.S. Energy Information Administration.

That amount is the most anywhere, but Venezuela’s nationalization of its oil and gas industry led to years of neglect and greatly reduced its daily output from 3.5 million barrels per day in the 1990s to about 800,000 per day now, according to the Kpler energy consulting firm.

For Venezuela to meet a 3 million barrels-per-day target, energy firms would have to invest more than $180 billion over the next 14 years, analysts with Rystad Energy said.

Such an investment level has U.S. oil and gas executives publicly expressing skepticism, although they do acknowledge the president’s proposal is an enticing offer.

Trump said a decision on the matter should be reached very soon, if not on Friday.

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Trump to meet with oil executives at the White House, seeking investments in Venezuela

President Trump is meeting with oil executives at the White House Friday in hopes of securing $100 billion in investments to revive Venezuela’s ability to fully tap into its expansive reserves of petroleum — a plan that rides on their comfort in making commitments in a country plagued by instability, inflation and uncertainty.

Since the U.S. military raid to capture former Venezuelan leader Nicolás Maduro on Saturday, Trump has quickly pivoted to portraying the move as a newfound economic opportunity for the U.S., seizing tankers carrying Venezuelan oil, saying the U.S. is taking over the sales of 30 million to 50 million barrels of previously sanctioned Venezuelan oil and will be controlling sales worldwide indefinitely.

On Friday, U.S. forces seized their fifth tanker over the past month that has been linked to Venezuelan oil. The action reflected the determination of the U.S. to fully control the exporting, refining and production of Venezuelan petroleum, a sign of the Trump administration’s plans for ongoing involvement in the sector as it seeks commitments from private companies.

It’s all part of a broader push by Trump to keep gasoline prices low. At a time when many Americans are concerned about affordability, the incursion in Venezuela melds Trump’s assertive use of presidential powers with an optical spectacle meant to convince Americans that he can bring down energy prices.

The meeting, set for 2:30 p.m. EST, is currently set to occur behind closed doors, according to the president’s daily schedule. “At least 100 Billion Dollars will be invested by BIG OIL, all of whom I will be meeting with today at The White House,” Trump said Friday in a pre-dawn social media post.

Trump is set to meet with executives from 17 oil companies, according to the White House. Among the companies attending are Chevron, which still operates in Venezuela, and ExxonMobil and ConocoPhillips, which both had oil projects in the country that were lost as part of a 2007 nationalization of private businesses under Maduro’s predecessor, Hugo Chávez.

The president is meeting with a wide swath of domestic and international companies with interests ranging from construction to the commodity markets. Other companies slated to be at the meeting include Halliburton, Valero, Marathon, Shell, Singapore-based Trafigura, Italy-based Eni and Spain-based Repsol.

Large U.S. oil companies have so far largely refrained from affirming investments in Venezuela as contracts and guarantees need to be in place. Trump has suggested on social media that America would help to backstop any investments.

Venezuela’s oil production has slumped below one million barrels a day. Part of Trump’s challenge to turn that around will be to convince oil companies that his administration has a stable relationship with Venezuela’s interim President Delcy Rodríguez, as well as protections for companies entering the market.

Secretary of State Marco Rubio, Energy Secretary Chris Wright and Interior Secretary Doug Burgum are slated to attend the oil executives meeting, according to the White House.

Boak writes for the Associated Press.

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Universal Music invests $80 million in Bollywood production company

Universal Music Group is investing $80 million for a stake in one of India’s biggest Bollywood production companies, Excel Entertainment Pvt.

Universal Music India, a division of Universal Music Group, will acquire a 30% equity interest in the Mumbai-based movie studio. In the deal, announced Monday, the companies will work together on forthcoming films, series, music and emerging formats.

While getting involved in India’s local film industry, Universal Music will also now receive global distribution rights for all future original soundtracks attached to projects produced or owned by Excel. There are also future plans for the companies to launch an Excel-linked music label that will allow UMG and Universal Music India artists to appear in various Excel titles.

The investment underscores the rapid growth in the Indian entertainment industry.

India is the 15th-largest recorded-music market globally.

Founded by producers Ritesh Sidhwani and Farhan Akhtar in 1999, Excel is responsible for making over 40 different films and scripted shows. Its most popular titles include “Dil Chahta Hai,” “Don” and “Talaash.” The company is currently valued at approximately $290 million.

“India’s entertainment landscape continues to grow from strength to strength, and this is the perfect moment to build meaningful global collaborations,” said Sidhwani and Akhtar in a joint statement. “Together, we aim to take culturally rooted stories to the world.”

Universal Music Group, with its corporate headquarters in the Netherlands and another office in Santa Monica, was founded in 1996. The music giant behind artists like Taylor Swift and Billie Eilish is valued at roughly $48 billion on the U.S. stock market, with shares selling around $25.80.

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America’s Cup: Ben Ainslie announces private equity investment after Ineos split

Ainslie had a strained relationship with Manchester United co-owner Ratcliffe regarding plans for the 38th America’s Cup.

Ainslie told the BBC on Tuesday that splitting with Ineos after the “fallout” was “a difficult decision” but stemmed from “different opinions on how to move forwards with the team”.

Ainslie, who will retain significant shareholding in Athena Racing under the new investment and remain as team principal, said he had been “funding the team myself”.

He told Reuters: “It’s been pretty stressful. But I believed in the team, I believed in the partnership and I was willing to take that risk.”

Ainslie was Ineos Britannia’s team principal and skipper, having got the backing of Ratcliffe in 2018 in a bid to a deliver a first win for Britain since the America’s Cup started in 1851.

The most successful sailor in Olympic history, Ainslie won the America’s Cup in 2013 with Oracle Team USA.

On Monday it was announced that the America’s Cup would be held every two years after 2029 and there will be a 55m euros (£48m) cap on costs, after the five founding teams, including Athena, formed an alliance.

Describing the move as “groundbreaking”, Ainslie said he was confident the new structure would help attract further investment and interest from broadcasters.

“Traditionally America’s Cup has been a winner-takes-all environment,” he said.

“You win it, you effectively run the next event – you decide where it is, when it is, the size of the boat, the rules and regulations.

“It’s pretty quirky – that’s what created a lot of uncertainty. Now we’ve changed that.”

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Trump is leaning on son-in-law Jared Kushner for difficult diplomacy

As the dawn rose on President Trump’s second term, one key figure from his first administration stood back, content to focus on his personal business interests and not retake a formal government role.

Now, nearly a year into Trump 2.0, Trump’s son-in-law Jared Kushner has been drawn back into the foreign policy fold and is taking a greater role in delicate peace negotiations. Talks had initially been led almost solo by special envoy Steve Witkoff, a real estate mogul who had no government experience before this year.

The shift reflects a sense among Trump’s inner circle that Kushner, who has diplomatic experience, complements Witkoff’s negotiating style and can bridge seemingly intractable differences to close a deal, according to several current and former administration officials who, like others, spoke on condition of anonymity to discuss the internal deliberations.

That role was on display this weekend as Kushner and Witkoff took part in a blitz of diplomacy in Miami.

On Sunday, they concluded two days of talks with Russian negotiator Kirill Dmitriev in Miami on the latest proposals to end Russia’s war in Ukraine.

The talks with Dmitriev came after they met on Friday in Florida with the Ukrainian negotiating team, led by Rustem Umerov, as well as senior British, French and German national security officials. The Ukrainians and European officials stuck around Florida for more talks with U.S. government officials facilitated by Trump’s envoys.

Witkoff and Kushner also squeezed in meetings on Friday with Turkish and Qatari officials to discuss the fragile truce between Israel and Hamas in Gaza as they look to implement the second phase of Trump’s ceasefire plan.

Kushner and Witkoff employ contrasting styles

Witkoff, a longtime pal of Trump’s, is seen by some inside the administration as an oversize character who has traveled the world for diplomatic negotiations on his private jet and does not miss an opportunity to publicly praise the president for his foreign policy acumen, the officials say.

Kushner has his own complicated business interests in the Middle East and a sometimes transactional outlook to diplomacy that has distressed some officials in European capitals, a Western diplomat said.

Still, Kushner is seen as a more credible negotiator than Witkoff, who is viewed by many Ukrainian and European officials as overly deferential to Russian interests during the war that began with Moscow’s invasion in February 2022, the diplomat said.

“Kushner has a bit more of a track record from the first administration,” said Ian Kelly, a retired career diplomat and former U.S. ambassador to Georgia who now teaches diplomacy at Northwestern University. Kelly stressed, however, that the jury is still out on Kushner’s intervention.

Trump views Kushner as a “trusted family member and talented adviser” who has played a pivotal role in some of his biggest foreign policy successes, said White House deputy press secretary Anna Kelly.

Trump and Witkoff “often seek Mr. Kushner’s input given his experience with complex negotiations, and Mr. Kushner has been generous in lending his valuable expertise when asked,” Kelly added.

State Department spokesman Tommy Pigott called Kushner “a world-class negotiator.” Pigott noted that Secretary of State Marco Rubio is grateful for Kushner’s “willingness to serve our country and help President Trump solve some of the world’s most complex challenges.”

In an interview with CBS’ “60 Minutes” in October, Kushner spoke about his unconventional approach to diplomacy.

“I was trained in foreign policy really in President Trump’s first term by seeing an outsider president come into Washington with a different school of foreign policy than had been brought in place for the 20 or 30 years prior,” he said.

But some Democrats and government oversight groups have expressed skepticism about Kushner’s role in shaping the administration policies in the Middle East while he manages billions of dollars in investments, including from Saudi Arabia and Qatar’s sovereign wealth funds through his firm, Affinity Partners.

Similarly, Witkoff has faced scrutiny for his and his family’s deep business ties to Gulf nations. Witkoff last year partnered with members of Trump’s family to launch a cryptocurrency company, World Liberty Financial, which received a $2 billion investment from a United Arab Emirates-controlled wealth fund.

“What people call conflicts of interests, Steve and I call experience and trusted relationships that we have throughout the world,” said Kushner, who is not drawing a salary from the White House for his advisory role.

White House counsel David Warrington said in a statement that Kushner’s efforts for Trump “are undertaken in full compliance with the law.”

“Given that Jared Kushner was a critical part of the efforts leading to the historic Abraham Accords and other diplomatic successes in the first Trump Administration, the President asked Mr. Kushner to be available as the President engages in similar efforts to bring peace to the world,” Warrington said in a statement, referring to Trump’s first-term effort that normalized relations between Israel and several Arab nations. “Mr. Kushner has agreed to do so in his capacity as a private citizen.”

Kelly and other veterans of U.S. diplomatic encounters with the Russians over many years are also skeptical about Kushner’s ability to secure a Russia-Ukraine deal because Witkoff technically remains in the lead.

“I don’t see that the Witkoff approach is going to work,” Kelly said. “He doesn’t really read the Russians well. He misunderstands what they say and reports the misunderstandings back to Washington and the Europeans.”

“They seem to have this idea that the magic key is money: investment and development,” Kelly said. “But these guys don’t care about that, they are not real estate guys except in the sense that they want the land, period.”

Kushner was out of the spotlight until he wasn’t

For the first half of the year, Kushner stayed out of the spotlight, even as he pushed, unsuccessfully in some cases, to install some former associates — those with whom he worked on negotiating the Abraham Accords — into powerful roles in the new administration, according to the current and former administration officials.

Kushner had told Trump and others that while he would not be joining the second-term White House, he stood ready to offer his counsel if it was desired. That is a role he also played on a few occasions during the Biden years as the Democratic administration tried, without success, to expand the Abraham Accords.

Although Kushner remained an informal sounding board for Trump and top advisers, he resisted getting directly involved, even as the president expanded his peacemaking pursuits, until it became clear to him and others that the job might be too much for Witkoff to seal on his own, the officials said.

As Trump’s efforts to forge an agreement to end the Israel-Hamas war in Gaza faltered over the summer, Kushner came in, trading on his experience and contacts in negotiating the Abraham Accords to help Witkoff push Trump’s plan over the finish line.

Agreed to in late September after frantic talks surrounding the annual U.N. General Assembly, the 20-point plan is still a work in progress, but its implementation is being coordinated by Kushner and numerous members of his Abraham Accords team.

“We always bring Jared when we want to get that deal closed,” Trump told Israel’s parliament, the Knesset, shortly after the agreement. “We need that brain on occasion.”

As soon as the Gaza plan was finalized, Kushner said he was returning to his family and day job in Miami, where he heads a multibillion-dollar private equity firm. His involvement in high-stakes peacemaking was only temporary, Kushner said, joking that his wife, Ivanka, might change the locks if he did not get home soon.

“I’m gonna try to help set it up, and then I’m gonna hopefully go back to my normal life,” Kushner said in October.

But within weeks of shepherding the Gaza ceasefire, Trump turned again to his fixer-in-law to dive into the Russia-Ukraine negotiations. They had been deadlocked for months despite persistent efforts by the White House to lure both Russian President Vladimir Putin and Ukraine’s Volodymyr Zelensky into an agreement.

Trump hinted then that he would continue to lean on Kushner when the stakes are highest, just as he has done.

Lee and Madhani write for the Associated Press.

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Stabilizing Foreign Investment: China’s Dual Strategy Featuring the CIIE and Hainan FTP

The Central Economic Conference meeting in Beijing in December 2025 proposed that “adhering to opening up to the outside world and promoting win-win cooperation in various fields” should be one of the main tasks of China’s economic work in the coming year. In 2025, China issued the “Action Plan for Stabilizing Foreign Investment in 2025,” and simultaneously, the 8th China International Import Expo 2025 was held in Shanghai. It was also agreed that the Hainan Free Trade Port would officially launch island-wide independent customs operations on December 18, 2025. This would bring numerous opportunities and momentum to support China’s continued opening up for global economic development.

 The year 2026 marks the launch of China’s 15th Five-Year Plan. The Central Economic Conference was held in Beijing in December 2025, a significant historical juncture as the 14th Five-Year Plan drew to a close and the 15th began. This held particular significance, as the world looked to China’s economic planning for the coming year for inspiration and opportunities. China’s continued opening up in 2025 represents a vital engine for the global economy, contributing approximately 30% to global growth.

–            The opportunities and momentum generated by these policies are evident in the following areas:

1)       Deepening Institutional Opening through the Hainan Free Trade Port

  The launch of independent customs operations at Hainan Port on December 18, 2025, marked a milestone, transforming the port into a special customs zone governed by high-level international trade regulations.  With China’s ambitious trade facilitation plan, the percentage of duty-free goods in Hainan has risen from 21% to 74%, attracting significant investment. The island has already attracted more than 1.2 million enterprises.

2)       Stabilizing Foreign Investment (2025 Action Plan)

The “2025 Foreign Investment Stabilization Action Plan” aims to boost international investor confidence through practical measures, including opening new sectors by expanding pilot programs in telecommunications, healthcare, and education and supporting manufacturing and services by lifting restrictions on foreign investment across the entire manufacturing sector and encouraging investment in high-tech industries and green development. This has yielded numerous positive results for the Chinese economy, with China registering more than 49,000 new foreign-funded companies in the first half of 2025, representing a year-on-year increase of over 16%.

3)       China International Import Expo (CIIE 2025)

  The eighth edition of the expo in Shanghai solidified China’s position as a global launchpad for new products, achieving record-breaking figures. The expo saw record initial deals worth US$83 billion, a 4.5% increase over the previous year. With broad international participation, more than 4,500 companies from 138 countries participated, showcasing 461 new products and technologies.

4)       The Strategic Direction of the Chinese Economy for 2026 and Beyond

  The Central Economic Work Conference, held in Beijing in December 2025, affirmed that the main task for the coming year, 2026, is to ensure a strong start to the 15th Five-Year Plan (2026-2030) while achieving mutually beneficial cooperation. This will be accomplished by China focusing on aligning its domestic regulations with high-level international economic and trade standards in areas such as government procurement, e-commerce, and finance.  This should coincide with achieving sustainable growth in the Chinese economy, especially given the International Monetary Fund’s upward revision of its growth forecast for China to 5% for 2025, which underscores the resilience of the Chinese economy in the face of global shocks.

  Accordingly, we understand the extent of China’s aspirations to achieve new developmental and economic leaps during 2026, with numerous promising future opportunities available to China. It possesses the capacity to simultaneously improve the quality and scale of development, achieve a strong launch for its 15-year plan, and offer more ambitious investment and development opportunities to the world. 

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