Coordinating investment screening across the US, Japan, and Korea
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U.S. Commerce Secretary Gina Raimondo met with Japan’s Ken Saito and South Korea’s Ahn Duk-geun on June 26, 2024; A workshop on trilateral cooperation for investment screening was held on September 30, 2024; The Biden administration's executive order aims to restrict outbound investment to China, focusing on advanced semiconductors, quantum computing, and AI; Legislative efforts for a statutory requirement face opposition, particularly from Representative Patrick McHenry; Japan and South Korea have more substantial reporting requirements for foreign investments compared to the U.S.; CFIUS operates more assertively than Japan and South Korea's investment screening; The Nippon Steel-U.S. Steel acquisition controversy raises trust issues among allies; Key takeaways include the need for firms to be aware of political sensitivities and the importance of clear criteria for national security evaluations.

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https://www.brookings.edu/articles/coordinating-investment-screening-across-the-us-japan-and-korea/