According to a report by the Korea International Trade Association, South Korea's investment in the US is mutually beneficial, with Korean companies' expansion into the US market leading to growth in Korea's exports and contributing to employment, economic growth, and exports in the US. In 2023, the US received 43.7 percent of Korea's overseas direct investment, amounting to $27.7 billion, particularly driven by Korean companies in the secondary battery and chips industry expanding their presence in the US. The report emphasizes the potential for close partnership between the two countries to foster high-tech industries, respond to climate change, strengthen manufacturing, and address trade imbalances. Korean companies' investments in the US have significantly contributed to job creation and economic growth, with the average annual salary per worker at Korean companies in the US exceeding the overall average. The report also highlights the positive impact of Korean companies' expansion into the US market on Korea's exports, as it leads to increased demand for raw materials and intermediate goods from Korea. The report calls for enhanced cooperation and supply chain links between the two countries in high-tech industries to further promote mutual trade and industrial competitiveness.