AMCHAM, KCCI urge Korean firms to seize US opportunities
Korean companies are advised to expand their operations in the United States, as bilateral economic ties increasingly extend beyond trade to investment, technology and supply-chain resilience, the American Chamber of Commerce in Korea (AMCHAM) said Wednesday. The U.S. business lobby and the Korea Chamber of Commerce and Industry (KCCI) discussed opportunities and challenges of Korean firms when…
The American Chamber of Commerce in Korea (AMCHAM) has urged Korean companies to pursue greater opportunities in the United States, as economic ties between the two nations extend beyond trade to include investment, technology and supply-chain resilience. This advice comes during the eighth annual Doing Business in the U.S. Seminar, held as part of the celebrations marking the 250th anniversary of U.S. independence.
The seminar provided a platform for AMCHAM and the Korea Chamber of Commerce and Industry (KCCI) to examine the opportunities and challenges faced by Korean firms as they expand their investment and operations in America.
AMCHAM Chairman James Kim highlighted that economic relations between the two countries are increasingly defined by the aforementioned sectors, rather than trade alone. He stated, "The next chapter of the U.S.-Korea economic partnership will be defined not simply by how much we trade, but by how much we build, invest, innovate and grow together."
Kim Jeong-il, KCCI's Executive Vice Chairman, stressed the importance of Korean companies understanding local regulations and business conditions to capitalize on these opportunities.
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- AMCHAM, KCCI urge Korean firms to seize US opportunities koreatimes.co.kr
