Mu-hyup - The American Chamber of Commerce in Korea Hosts '2022 US Business Outlook Seminar'

[Asia Economy Reporter Jeong Hyunjin] The Korea International Trade Association, in collaboration with the American Chamber of Commerce in Korea, held the '2022 U.S. Business Outlook and U.S. Market Entry Seminar' on the 22nd at COEX in Samseong-dong.

At the event, forecasts for the U.S. economy and financial environment in the coming year after COVID-19 were presented, along with sector-specific consultations on finance, investment, IT, visa systems, permanent residency, and business trips.

David Mericle, Chief Economist at Goldman Sachs, who gave a presentation, stated, "The U.S. economy is expected to maintain a moderate recovery next year; however, economic uncertainties such as the spread of the Omicron variant, supply chain disruptions, and inflation pressures are likely to persist." He added, "In particular, to respond to inflationary pressures, the Federal Reserve (Fed) is expected to taper asset purchases and raise interest rates about three times."

Jae Hyun Ko, Investment Specialist at MetLife Life Insurance's Noblich Center, explained, "The U.S. stock market, which hosts many global innovative companies, can be an attractive investment destination in the post-COVID era. Additionally, investing in various dollar-denominated assets such as U.S. REITs, bonds, and stocks is gaining attention as a strategy to hedge against economic uncertainties."

Jhakhee Cho, Head of the International Business Division at the Trade Association, said, "With the expansion of the non-face-to-face economy due to COVID-19 and the Biden administration's eco-friendly policies, opportunities for our companies to enter these sectors will continue." He added, "Despite uncertain domestic and international circumstances, we will continue to strive to provide information that helps our companies enter the U.S. market."

This content was produced with the assistance of AI translation services.