AmCham Signs MOU with City of San Francisco: "Expanding Private Sector Economic Cooperation"

Celebrating 50 Years as Sister Cities,
Aiming to Boost Corporate Exchange and Investment
Major Companies Including Korean Air, Visa, and Speak Attend

The American Chamber of Commerce in Korea (AmCham) and the City of San Francisco, a global hub of innovation, have joined forces to promote increased exchange and investment between companies from both countries.

James Kim, Chairman and CEO of the American Chamber of Commerce (right), and Daniel Lurie, Mayor of San Francisco, are posing for a commemorative photo after the signing ceremony of the Memorandum of Understanding (MOU) held on the 22nd at the Four Seasons Hotel Seoul. Amcham

AmCham announced on the 22nd that it had signed a Memorandum of Understanding (MOU) with the City of San Francisco at the Four Seasons Hotel Seoul. This agreement was pursued to further strengthen economic cooperation between Korea and San Francisco and to lay the foundation for expanded collaboration across business, investment, and industry.

The signing ceremony was attended by Daniel Lurie, Mayor of San Francisco, and James Kim, Chairman and CEO of AmCham, who both signed the agreement. Attendees included Walter Cho, Chairman of Korean Air, Stephen Revetria, President of San Francisco Giants Enterprises, Patrick Storey, President of Visa Korea, and representatives from Speak, an artificial intelligence (AI) company headquartered in San Francisco, among others. Their presence suggested possibilities for collaboration across diverse fields, including business, culture, and innovation.

This year marks the 50th anniversary of the sister city relationship between Seoul and San Francisco. With this agreement as a starting point, the aim is to expand the existing cooperation—previously focused on cultural and human exchanges—into economic and industrial cooperation centered on the private sector.

James Kim, Chairman and CEO of AmCham, stated, "This MOU is an important milestone that further solidifies economic cooperation between Korea and San Francisco," adding, "Through this agreement, we will strengthen business collaboration between the two sides, expand investment and exchanges, and achieve tangible results."

Daniel Lurie, Mayor of San Francisco, commented, "It is meaningful that, as Seoul and San Francisco celebrate the 50th anniversary of their sister city relationship, we are able to further enhance economic cooperation between the two cities." He added, "I hope this agreement will further expand exchanges between the cities and serve as an opportunity to broaden trade and investment opportunities."

Following the signing ceremony, a meeting was held between the participating companies and delegations, where they engaged in extensive discussions on potential future cooperation and strategies to expand economic and industrial collaboration between Korea and the United States.

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