AmCham-Lotte Global Logistics Collaborate on Domestic Procurement of 'US Products'

The American Chamber of Commerce in Korea (AMCHAM) announced on the 28th that it has signed a Memorandum of Understanding (MOU) with Lotte Global Logistics to expand domestic procurement of American products and strengthen logistics capabilities.

Lotte Global Logistics will optimize the logistics supply chain for importing American goods to provide reasonable freight rates and customized logistics solutions to AMCHAM member companies importing U.S. products as well as domestic companies. As part of the "Buy America" campaign, Lotte Global Logistics plans to continuously expand its logistics investment infrastructure within the United States through this collaboration.

The American Chamber of Commerce in Korea (AMCHAM) announced on the 28th that it has signed a Memorandum of Understanding (MOU) with Lotte Global Logistics to expand domestic procurement of U.S. products and strengthen logistics capabilities. Photo by AMCHAM

AMCHAM plans to support faster and more efficient importation of American products by working with relevant government agencies to improve regulations and provide policy support.

James Kim, Chairman and CEO of AMCHAM, said, "Through this collaboration, we expect trade and economic cooperation between Korea and the U.S. to become stronger and sustainable growth opportunities to expand."

Byungkoo Kang, CEO of Lotte Global Logistics, also stated, "We will do our best to create synergy in our logistics capabilities together with AMCHAM and strengthen trade cooperation between Korea and the U.S."

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