AmCham Holds Special Meeting Inviting Presidential Candidate Yoon Seok-yeol

AmCham Proposes Policies to Promote Foreign Direct Investment and More

James Kim, Chairman and CEO of the American Chamber of Commerce in Korea, is delivering a welcoming speech at the seminar on entering the U.S. market, hosted by the Korea International Trade Association and the American Chamber of Commerce in Korea, held on the 24th at COEX in Gangnam-gu, Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Hwang Yoon-joo] The American Chamber of Commerce in Korea (AmCham) met with People Power Party presidential candidate Yoon Seok-yeol to propose measures to boost foreign direct investment and develop Korea as the Asian regional headquarters for companies.

AmCham announced that on the 28th at 2 p.m., it held a special roundtable meeting with People Power Party candidate Yoon Seok-yeol at the Conrad Hotel in Yeouido, Seoul, to convey the requests of global companies.

This meeting was part of a series of roundtables arranged by AmCham with presidential candidates ahead of the 2022 presidential election, focusing on Yoon’s future policies, creating a global investment environment to enhance South Korea’s competitiveness, and ways to revitalize trade between Korea and the United States, emphasizing economic growth.

At the meeting, James Kim, AmCham Chairman and CEO, proposed establishing policies to increase foreign direct investment and make South Korea the Asian regional headquarters for many companies. He emphasized, "To promote foreign direct investment, active support from the Korean government in areas such as labor, taxation, and regulatory environment is essential, and now is the right time to have these discussions."

Candidate Yoon Seok-yeol opened by saying, "The Korea-U.S. alliance is a core pillar of the global economy and security, and under the firm foundation of the alliance, we must cooperate to turn crises into opportunities."

He stated, "By strengthening cooperation between Korea and the U.S. in cutting-edge industries such as nuclear power, AI, bio, semiconductors, and next-generation batteries, we can become partners in creating future growth engines and sustainable prosperity," adding, "to actively attract corporate investment, it is crucial to eliminate uncertainties related to government policies and ensure stability in the decision-making process."

He continued, "We will do our best to improve unreasonable regulations that hinder market efficiency."

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