MANAGEMENT & STRATEGY
Why Four US Companies Invested $2 Billion in South Korea: The Strategy Behind Choosing Pyeongtaek, Asan, and Jindo
Four US corporations have reported a total of $2 billion in new investments in South Korea. Air Products and Axcelis are expanding their supply and manufacturing capabilities centered around Pyeongtaek, a semiconductor production hub. Corning is upgrading its Asan business site, cultivated for over 50 years, into a next-generation advanced materials production base. Pacifico Energy is pursuing the development of a 3.2 GW offshore wind cluster in the Jindo waters. The choices made by these four companies demonstrate that global enterprises invest heavily in locations dense with customers, supply chains, and power infrastructure rather than choosing countries at random.
Why Four US Companies Invested $2 Billion in South Korea: The Strategy Behind Choosing Pyeongtaek, Asan, and Jindo The Ministry of Trade, Industry and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA) held the 'US Investment Notification Ceremony and Investor Roundtable' in Washington, D.C. on September 3, 2026 (local time). On this day, four US companies reported a combined $2 billion in investments in South Korea. Converted into Korean won, the amount was cited in reports as ranging from approximately 2.7 trillion won to 2.8 trillion won. The investing companies are industrial gas firm Air Products, semiconductor equipment company Axcelis Technologies, advanced materials firm Corning, and energy infrastructure developer Pacifico Energy. While the investment figure itself is substantial, this announcement warrants a closer look at where these four companies decided…
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