Governor Larry Hogan: "Actively Supporting Korean Mid-sized Companies' Entry into the US"

Junggyeonryeon Hosts Business Networking Reception Inviting Maryland Governor

At the business networking reception held on the 20th, Choi Jin-sik, Chairman of the Korea Federation of Medium-sized Enterprises (right), and Larry Hogan, Governor of Maryland, are having a conversation.

[Asia Economy Reporter Kim Cheol-hyun] The Korea Federation of Medium-Sized Enterprises (KMFME) announced that Chairman Choi Jin-sik met with Larry Hogan, Governor of Maryland, USA, on the 19th to explore ways to facilitate the smooth entry of medium-sized enterprises into the U.S. market and expand business cooperation.

Governor Hogan attended the 'Business Networking Reception' hosted by KMFME at the JW Marriott Hotel Seoul on the same day, introducing Maryland's excellent investment environment and stating, "I hope to create a breakthrough for greater growth through mutually beneficial cooperation with Korean medium-sized enterprises."

He added, "Since my visit to Korea, I have been able to reaffirm the special relationship between the U.S. and Korea," emphasizing, "Meeting with the backbone of the Korean economy is especially important, and we will actively support the entry of medium-sized enterprises into Maryland as well as the expansion of business into the North American market so that we can grow together and bigger."

In response, Chairman Choi expressed gratitude for Governor Larry Hogan's efforts to alleviate increased Korea-U.S. trade uncertainties, such as the U.S. government's Inflation Reduction Act and the declaration of the Biotechnology and Bio-Manufacturing Initiative, saying, "In the face of an imminent global economic crisis, we will strengthen private-sector efforts to sustain a cooperative relationship that aligns with the changed trade norms between Korea and the U.S."

Chairman Choi also emphasized, "The solid industrial infrastructure of Maryland, including bio and energy sectors, will serve as a new growth gateway for Korean medium-sized enterprises, which boast top excellence in all industries such as traditional manufacturing, ICT, pharmaceuticals, bio, and food," adding, "As the only group of companies where most first-generation entrepreneurs are actively engaged, we will actively support the experience and know-how of medium-sized enterprises to become a new foundation for economic cooperation between Maryland and Korea."

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