Park Jae-hyuk is a seasoned journalist who has provided comprehensive coverage of South Korea's corporate dynamics, economic policies, industry challenges and the global positioning of Korean companies. Based on the articles he has written since joining The Korea Times in 2016, his investigative approach has helped readers understand corporate governance, economic trends and business strategies shaping South Korea’s economy.
AMCHAM, San Francisco agree to boost Korea-US economic ties
American Chamber of Commerce in Korea (AMCHAM) Chairman James Kim, fourth from right, and San Francisco Mayor Daniel Lurie, fifth from right, pose with Korean Air Chairman Cho Won-tae, back row, and other participants in a memorandum of understanding signing ceremony at the Four Seasons Seoul, Wednesday. AMCHAM and the San Francisco city government agreed to strengthen economic ties between Korea and the United States through their cooperation in connecting businesses, encouraging investment and seeking collaboration across various industries. Courtesy of AMCHAM
By Park Jae-hyuk
The American Chamber of Commerce in Korea (AMCHAM) signed a memorandum of understanding (MOU) with the City of San Francisco Wednesday to strengthen economic ties between Korea and the United States through cooperation with the U.S. city in connecting businesses, encouraging investment and seeking collaboration across various industries.
The signing ceremony was held during San Francisco Mayor Daniel Lurie’s visit to Seoul to mark the 50th anniversary of the sister-city relationship.
Following the ceremony, a roundtable discussion took place to exchange views on potential areas of collaboration and explore ways to further strengthen Korea-U.S. economic and industrial ties.
“This MOU represents a significant milestone in strengthening the economic bridge between Korea and San Francisco,” AMCHAM Chairman James Kim said.
“San Francisco has long stood at the forefront of innovation, entrepreneurship and global exchange, and we see tremendous opportunities to deepen collaboration across technology, artificial intelligence, culture and investment. We look forward to leveraging this partnership to drive stronger business ties, expand two-way investment and deliver tangible outcomes for both markets.”
The mayor said the agreement will expand opportunities for trade and investment.
AMCHAM and San Francisco will strengthen connections between businesses and innovation ecosystems, identifying tangible opportunities for collaboration. The largest foreign chamber of commerce in Korea also pledged to expand its engagement with leading cities to help Korea strengthen its global competitiveness.