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Korea Herald
16-07-2025
- Business
- Korea Herald
AmCham spotlights AI-era cyber risks, calls for Korea-US cooperation
The American Chamber of Commerce in Korea hosted its first Cybersecurity Seminar on Wednesday under the theme 'Cybersecurity as National Security: Global Trends & Industry Lessons,' bringing together senior Korean and US government officials, global business leaders and cybersecurity experts in Seoul. The event underscored the growing importance of cybersecurity in national and economic security amid escalating AI-driven threats and global digital transformation. In his opening remarks, James Kim, AmCham chairman and CEO, stressed that cybersecurity must be seen as a cornerstone of national resilience. 'If a highly structured company like SK Telecom can be breached, it shows no organization is completely safe,' he warned. Korean lawmakers and senior officials — including National Assembly Vice Chair Choi Hyung-du, Ministry of Science and ICT Director General Choi Woo-hyuk, and FBI Legal Attache at the US Embassy Justin Chang — emphasized the urgency of public-private and international cooperation. 'Cybersecurity threats are no longer confined to the corporate domain,' said Choi. 'They now pose real risks to national infrastructure and public safety.' Keynote speakers included Simon Green, APAC President at Palo Alto Networks, and Lee Ki-joo, Chairman of Korea's CISO Council, who both urged organizations to adopt integrated, AI-ready cybersecurity strategies. 'AI technology has advanced ways of cyber attacks overall. We must rebuild strategies on cybersecurity,' Green stated during his speech. 'Our imperative is to secure AI by design, enabling organizations to innovate bravely and securely in this new era.' A panel moderated by Professor Kwon Hun-yeong from Korea University addressed the evolution of cyber risks across telecom, finance, and energy sectors, calling for cross-border data sharing and executive-level accountability. The seminar reaffirmed AmCham's role in promoting US–Korea tech cooperation and advancing a secure digital business environment.
Korea Herald
17-06-2025
- Business
- Korea Herald
AmCham wraps up 2025 Washington Doorknock with push for deeper US-Korea economic ties
The American Chamber of Commerce in Korea said Tuesday it successfully concluded its 2025 Washington Doorknock from June 9 to 12, marking a major private-sector engagement with the US under Korea's new administration. Led by Chairman and CEO James Kim, the AmCham delegation held nearly 40 meetings with government officials, lawmakers and policy experts. Key discussions took place with officials from the Departments of the Treasury, Commerce, State, Energy and Defense; the US Trade Representative, the National Security Council and the Office of the Vice President. Bipartisan congressional outreach included meetings with four US senators and seven House representatives. The delegation emphasized Korea's intent to strengthen the US-Korea economic partnership, highlighting President Lee Jae Myung as a leader with a strategic vision and the ability to execute it. The meetings underscored shared priorities, including enhanced cooperation in semiconductors, AI and advanced manufacturing, as well as the importance of energy security and addressing trade barriers. The delegation also called attention to Korea's position as the top foreign investor in the US and urged continued progress on tariff negotiations and non-tariff barrier reduction, particularly in digital trade. AmCham proposed joint initiatives such as LNG collaboration through Alaska's energy resources. 'The Doorknock was a timely platform to address core issues shaping US-Korea relations,' said Chairman and CEO James Kim. 'We found broad consensus on the need for practical cooperation in strategic sectors.' Senior executives from companies such as AWS, Google, Hyundai, LG CNS and POSCO participated, signaling strong private-sector support for advancing bilateral ties. The outcomes of the visit will be discussed in greater detail at the AmCham–Korea Times Forum on June 24.
Korea Herald
09-06-2025
- Business
- Korea Herald
AmCham delegation heads to Washington for 2025 Doorknock
The American Chamber of Commerce in Korea announced Monday that it will dispatch a business delegation to Washington from June 10 to 12 for its 2025 Washington Doorknock program. The Doorknock is an annual event held in Washington that connects global companies in Korea with US officials to discuss industry issues and strengthen bilateral economic cooperation. This year's visit marks the first such trip following the inauguration of new administrations in South Korea and the United States. The delegation, comprising around 20 senior executives from major global companies including Amazon Web Services, Google, Coupang, Hyundai Motor Group and LG CNS, will engage in a series of meetings with Trump administration officials, members of Congress and leading policy think tanks. Key agenda items include strengthening cooperation in strategic industries such as semiconductors and artificial intelligence, stabilizing supply chains and improving the trade and investment landscape between the two countries. 'This year's Doorknock comes at a pivotal time for Korea-US economic cooperation,' said AmCham Chairman James Kim. 'It's a timely opportunity to directly convey the perspectives of American companies operating in South Korea.' AmCham also plans to advocate for US engagement in the upcoming APEC Summit in Korea and promote greater regulatory alignment and regional collaboration in the Asia-Pacific.
CNBC
04-06-2025
- Business
- CNBC
AmCham Korea focused on seeing non-tariff barriers resolved with the US: Chairman and CEO
James Kim, Chairman and CEO of AmCham Korea, shares the key takeaways from his conversations with U.S. trade officials and South Korean business leaders as Washington and Seoul chart a path towards a tariff deal.
Korea Herald
15-05-2025
- Business
- Korea Herald
AmCham, KOTRA partner to boost bilateral economic ties
The American Chamber of Commerce in Korea signed a memorandum of understanding with the Korea Trade-Investment Promotion Agency on Thursday to enhance trade, investment and regulatory cooperation between Korea and the US. Through the agreement signed at the KOTRA headquarters in Seoul, the two organizations will form a joint working-level committee to identify and address key regulatory challenges based on AmCham's annual reports and member input. AmCham and KOTRA will also co-host regular events such as briefings, roundtables, exhibitions and export consultations, while seeking new areas for bilateral collaboration. The agreement builds on the findings of AmCham's '2025 Business Environment Insight Report: APEC Special Edition,' which highlighted approximately 70 unresolved or emerging regulatory issues across 12 key industries including aerospace, pharmaceuticals, energy and the digital economy. 'This MOU lays important groundwork for enabling strategic economic collaboration,' said AmCham CEO James Kim. 'It represents a key step forward in reducing nontariff barriers, strengthening Korea's position as a premier regional business hub, and ensuring the success of APEC 2025.' KOTRA President and CEO Kang Kyung-sung added to the statement, expressing his hope that the partnership will support Korean small and midsized enterprises entering the US market and strengthen business ties between the two countries.
