Latest news with #JamesKim
CNBC
2 days ago
- 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.
Korea Herald
15-05-2025
- Business
- Korea Herald
KOTRA, AMCHAM to cooperate on regulatory reform, S. Korea-US trade
The Korea Trade-Investment Promotion Agency and the American Chamber of Commerce in Korea on Thursday formed a strategic partnership to promote regulatory reform and boost bilateral trade between South Korea and the United States, the organizations said. Under a memorandum of understanding signed on the day, the two organizations agreed to collaborate on promoting regulatory reform and support initiatives that advance the US-Korea economic partnership. They will set up a joint working-level committee to identify and recommend regulatory improvements to this end. The two sides also plan to co-host briefings, exhibitions and export consultations while continuing to explore new opportunities to expand bilateral trade and investment. "We hope this partnership with AMCHAM will serve as a valuable bridge for Korean small and medium-sized enterprises seeking to enter the US market," KOTRA Chief Executive Officer Kang Kyung-sung said. James Kim, chairman and CEO of AMCHAM, said the partnership represents a key step forward in reducing non-tariff barriers in bilateral trade and strengthening South Korea's position as a premier regional business hub. (Yonhap)
![[Photo News] AmCham, KCCI, GM Korea to boost business ties](/_next/image?url=https%3A%2F%2Fwimg.heraldcorp.com%2Fnews%2Fcms%2F2025%2F05%2F08%2Fnews-p.v1.20250508.0e9bc5569d424528b64065941576fdcd_T1.jpg&w=3840&q=100)
Korea Herald
08-05-2025
- Automotive
- Korea Herald
[Photo News] AmCham, KCCI, GM Korea to boost business ties
From left: James Kim, chairman & CEO of the American Chamber of Commerce in Korea; Chey Tae-won, chairman of SK Group and the head of the Korea Chamber of Commerce and Industry; Hector Villarreal, president & CEO of General Motors Korea, pose for a photo during the signing of a tripartite memorandum of understanding to promote the 'Buy America' campaign. The AmCham-led campaign pledges mutual cooperation among all parties to expand consumer access to GM vehicles in Korea, promote the purchase of American-made products and contribute to a more balanced and mutually beneficial US-Korea trade relationship. (AmCham)
Korea Herald
29-04-2025
- Business
- Korea Herald
AmCham seminar explores ways to improve Korea's regulatory landscape
The American Chamber of Commerce in Korea announced that it held a seminar focused on Korea's business regulatory landscape, seeking ways to strengthen business partnerships between Korea and the US and foster closer ties between the two countries. The seminar, titled Shaping the Regulatory Environment for Sustainable Trade, was held at the Conrad Seoul Hotel in Seoul on Tuesday. It aimed to explore strategies to enhance Korea's appeal as an investment destination, according to AmCham. AmCham stated that discussions centered on regulatory innovation, the expansion of sustainable investment, and stronger collaboration between the public and private sectors to improve Korea's global competitiveness. Special attention was given to regulatory hurdles facing key industries such as biopharmaceuticals, the digital economy, energy and chemicals during the seminar. 'As we mark 100 days into President Trump's administration and prepare for Korea's presidential election, the US-Korea economic partnership stands at a critical juncture,' said AmCham Chair James Kim in his opening remarks. 'To sustain and deepen our cooperation, it is more important than ever to address Korea-specific regulatory challenges and create a more sustainable, transparent environment.' The event brought together a broad range of trade-related figures from politics, government, diplomacy and business, including Korean Trade Minister Cheong In-kyo; Rep. Kim Won-i, vice chair of the National Assembly's Trade, Industry and Energy and Small and Medium Venture Business Committee; Joy Sakurai, deputy chief of mission at the US Embassy in Seoul; and Park Il-joon, executive vice chair of the Korea Chamber of Commerce and Industry. While business leaders shared their views on driving innovation in Korea during the seminar, the trade minister pledged to foster a more predictable and sustainable investment environment. 'As the Chair of the Asia-Pacific Economic Cooperation ministers responsible for trade meeting, the Ministry of Trade, Industry and Energy is fully committed to defending a free and fair trade system and enhancing Korea's investment attractiveness through regulatory reform and improvements to the business environment,' said Minister Cheong. 'We will continue to engage closely with AmCham and the global business community to deepen the economic partnership between Korea and the US.'
