The U.S.-Korea Business Council hosted high-level meetings April 28 to strengthen the bilateral economic and trade relationship between the two nations.
The U.S. Chamber of Commerce’s U.S.-Korea Business Council hosted high-level meetings to deepen the bilateral economic and trade relationship, according to an April 25 news release. The meetings, co-hosted by the Federation of Korean Industries, focused on advancing collaboration in key areas, including climate resilience, energy security, critical and emerging technologies, digital transformation and semiconductor security.
“Over the past seven decades, the U.S.-Korea relationship has transformed from a security alliance into a flourishing global partnership promoting peace and prosperity around the world, underpinned by our shared values like democracy and free enterprise,” President and CEO of the U.S. Chamber of Commerce Suzanne Clark said in the release.
Participants included Yoon Suk Yeol, president of the Republic of Korea; Gina Raimondo, U.S. Secretary of Commerce; and Lee Chang-Yang, Korea's Minister of Trade, Industry and Energy, the release reported
Clark highlighted the organization's support for the U.S.-Korea Free Trade Agreement and anticipated that the next seven decades of economic ties would promote innovation and people-to-people ties, the release said. Yoon called for the U.S.-Korea relationship to evolve into a supply chain and future-oriented innovative technology alliance and reaffirmed their status as true allies in innovation and entrepreneurship.
“What started as a military and security alliance should evolve into a supply chain and future-oriented innovative technology alliance, one in which our two countries grow and act together," Yoon said in the release. “The combination of core technologies from the United States and the Republic of Korea's advanced manufacturing capabilities will create enormous synergies.”
The meetings aimed to deepen collaboration between the U.S. and Korean governments and business communities to drive benefits to their economies, promote innovation and create synergies by combining core technologies from the U.S. and Korea's advanced manufacturing capabilities, the release said.
