AmCham Holds Private Meeting with Former Prime Minister Kim Boo-kyum

The American Chamber of Commerce in Korea (AMCHAM) held a private meeting on the 5th, inviting former Prime Minister Kim Boo-kyum. The meeting, held at the Grand Hyatt Seoul, focused on improving Korea's business environment and policy recommendations.

Former Prime Minister Kim emphasized the importance of close economic cooperation between Korea and the United States, stating that expanding free trade and regulatory innovation are necessary for sustainable growth. He particularly sympathized with the complexity of the domestic regulatory environment raised by AMCHAM member companies and said that creating a predictable and transparent corporate environment is essential to attract foreign investment.

The meeting also addressed ways to strengthen cooperation between Korean and U.S. companies as a key agenda item. Former Prime Minister Kim highlighted that the economies of the two countries are complementary and mentioned that there are many opportunities to expand cooperation in areas such as advanced technology, manufacturing, and supply chain resilience. He added that since Korea plays an important role in the global economy, a stable and future-oriented policy foundation is needed to secure long-term competitiveness.

The American Chamber of Commerce in Korea (AMCHAM) held a private meeting on the 5th at the Grand Hyatt Seoul, inviting former Prime Minister Kim Boo-kyum. Former Prime Minister Kim is speaking at the meeting. Photo by AMCHAM

James Kim, Chairman and CEO of AMCHAM, expressed gratitude for former Prime Minister Kim’s open dialogue with the global business community and stated that AMCHAM will continue to contribute to establishing Korea as a business hub for multinational corporations. He said, “AMCHAM will take the lead in creating a more open, transparent, and predictable business environment,” and added, “We will work to further strengthen Korea-U.S. economic cooperation and create an environment that attracts global investment and innovation.”

He continued, “To promote trade balance, we recently launched the ‘Buy America’ campaign aimed at alleviating trade imbalances and strengthening supply chain cooperation between Korea and the U.S.,” emphasizing, “We will serve as a bridge between the two countries and support sustainable and mutually beneficial trade and investment policies.”

Former Prime Minister Kim stated, “Korea’s political risks will not be prolonged, and the resilience of Korean democracy is among the highest in the world,” adding, “Economic cooperation based on the Korea-U.S. alliance will also be further strengthened.” He further noted, “Going forward, Korea will continue to enhance its recovery and growth potential through cooperation with the United States.”

AMCHAM plans to strengthen economic cooperation in collaboration with the Korean government and industry stakeholders ahead of the 2025 Asia-Pacific Economic Cooperation (APEC) Summit. The organization intends to continue fostering a corporate environment that supports a long-term partnership between Korea and the U.S. through innovation and expanded market accessibility.

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