Yido, AMCHAM, and Others Join Hands to Support Investment in Aging U.S. Infrastructure

By Michael Herh, BusinessKorea - Yido, a domestic private road integrated operation management company, announced on March 14 that it has signed an agreement with the American Chamber of Commerce in Korea (AMCHAM), NH Investment & Securities, and Hangang Asset Management to support investment and operation settlement in the U.S. infrastructure sector. The large-scale improvement of aging infrastructure in the United States is one of the key pledges of Trump's second term.

This agreement was pursued to explore the role of Korean companies in investing and entering the U.S. infrastructure sectors such as roads, tunnels, bridges, and power facilities, and to support stable entry. Currently, the U.S. infrastructure market presents high entry barriers, making investment and operational participation challenging. AMCHAM plans to support Korean companies like Yido, NH Investment & Securities, and Hangang Asset in overcoming these barri

AMCHAM intends to use the "K-Doorknock" program to help Korean companies, including Yido, NH Investment & Securities, and Hangang Asset, strengthen their networks with major U.S. infrastructure companies and collaborate directly with U.S. infrastructure policymakers.

Choi Jeong-hoon, CEO of Yido, stated, “This agreement will serve as a bridgehead contributing to the entry of domestic investment financial institutions with global competitiveness into the U.S. infrastructure sector.” James Kim, chairman of AMCHAM, said, “It is expected to not only expand trade and investment between the two countries but also promote job creation, innovation, and sustainable economic growth.”

The United States has long grappled with the challenges posed by aging infrastructure, including roads, bridges, tunnels, and power facilities, many of which were constructed decades ago and are in dire need of repair or replacement. This has been a topic of political debate and policy focus, with various administrations proposing plans to address these issues.

The agreement marks a strategic move by Korean companies to leverage their global competitiveness and expand their operations into the U.S. market. Korean firms, particularly in sectors like technology and infrastructure, have gained a reputation for their expertise and resources, making them well-suited to contribute to the renewal of U.S. infrastructure. This initiative is part of broader efforts to enhance bilateral economic ties between the U.S. and South Korea, promoting mutual investment and job creation in both countries.

Source: https://www.businesskorea.co.kr/news/articleView.html?idxno=237464