New U.S. Ambassador Meets American Businesses in Korea, Pledges to Address Investment Hurdles
Michelle Steel, the new U.S. ambassador to South Korea, met with American business leaders in Korea for her first official engagement since taking office, hearing directly about challenges facing U.S. companies and discussing ways to expand bilateral trade and investment.The American Chamber of Comm
Michelle Steel, the recently appointed U.S. ambassador to South Korea, made her first official appearance in the country by meeting with American business leaders. The gathering took place at the American Chamber of Commerce in Korea (AMCHAM Korea) in Seoul on August 20. AMCHAM Korea organized the breakfast meeting, which featured senior executives from diverse U.S. industries operating in Korea.
Steel listened to the executives concerning the issues their businesses grapple with, and both sides discussed enhancing cooperation and investment between the United States and South Korea. They both agreed that a stable business environment, following global standards, is crucial for sustaining U.S. investment and ensuring smooth operations in Korea.
James Kim, chairman and CEO of AMCHAM Korea, welcomed Steel's initiative to engage with the business community during her inaugural phase. He highlighted that her willingness to hear directly from U.S. companies' concerns indicates a strong commitment to the economic partnership between the two nations. Kim also added that Steel's strong relationships and network across political and business circles could aid in advancing mutual interests.
Steel reiterated that American companies play a pivotal role in economic cooperation between the two countries. She pledged to collaborate closely with AMCHAM Korea to tackle the obstacles faced by American businesses and bolster their operating environment in Korea. Furthermore, she expressed her intent to explore new avenues that could boost economic growth and prosperity in the United States.
AMCHAM Korea affirmed that the meeting reaffirmed its longstanding partnership with the U.S. Embassy. The chamber expressed its commitment to continue acting as a trusted intermediary between government and industry, voicing U.S. companies' concerns and aiding the formation of a stronger and more mutually beneficial economic partnership between South Korea and the United States.
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