The optimistic momentum generated by the latest Asia-Pacific Financial Cooperation (APEC) occasions in Gyeongju, North Gyeongsang Province, has been cited as a key alternative for Korean firms seeking to enter or increase their presence within the U.S. market.
At Thursday’s Doing Enterprise within the U.S. Seminar, co-hosted by the American Chamber of Commerce in Korea (AMCHAM) and Korea Chamber of Commerce and Business (KCCI), AMCHAM Chairman James Kim highlighted the significance of constructing on that energy. He referred to the Seoul-Washington joint reality sheet launched final week as an additional milestone within the international locations’ deepening financial partnership.
“Korea’s management on the APEC summit demonstrated what our two international locations can obtain after we work collectively,” he stated. “Right now’s seminar builds on that momentum by serving to Korean firms put together for the following wave of alternatives within the U.S. market.”
Now in its seventh yr, the seminar attracted heightened consideration, particularly in mild of fast-changing commerce dynamics and unsure U.S. insurance policies.
“International uncertainty continues to develop as protectionism spreads, industrial insurance policies evolve and provide chains shift,” stated KCCI Government Vice President Park Dong-min.
He described the joint reality sheet as a significant milestone that enhances Korean firms’ credibility and expands their alternatives within the U.S. market.
“Final week’s Korea-U.S. joint reality sheet sends a transparent message of each international locations’ intent to strengthen cooperation in strategic sectors equivalent to shipbuilding, semiconductors, house and synthetic intelligence,” he stated. “Right now’s seminar is very invaluable as a result of it supplies sensible steering in areas the place firms face the best challenges.”
Korean enterprise leaders take heed to U.S. President Donald Trump’s remarks in the course of the 2025 Asia-Pacific Financial Cooperation CEO Summit in Gyeongju, North Gyeongsang Province, Oct. 29. Courtesy of Korea Chamber of Commerce and Business
James Heller, deputy chief of mission on the U.S. Embassy in Seoul, emphasised the energy of the financial partnership and reaffirmed the embassy’s dedication to working carefully with Korean buyers within the U.S. to make sure their ongoing success.
“President Trump’s latest go to to Gyeongju was a landmark success, marking the beginning of a brand new chapter in our alliance,” he stated.
Regardless of the optimistic outlook, specialists on the seminar cautioned that challenges stay.
“Following the conclusion of bilateral negotiations on the APEC summit, some uncertainties surrounding Korea-U.S. financial relations seem to have eased,” stated Kim Jong-duk, government director on the Korea Institute for Worldwide Financial Coverage. “Nevertheless, as a result of U.S. exterior financial coverage is carefully tied to structural challenges equivalent to weakened manufacturing competitiveness, widening revenue inequality and strategic competitors with China, vital shifts are unlikely within the close to time period.”
Kim suggested Korean corporations to reassess their U.S. methods whereas additionally searching for alternatives in historically neglected markets.
Jung Man-suk, lawyer at Daeyang Immigration Regulation Group, harassed the significance of selecting the right visa class for sending staff to the U.S.
“For Korean firms searching for profitable U.S. market entry and easy personnel deployment, selecting the best visa class is totally important,” he stated. “The scope of permissible actions — and even the probability of approval — varies considerably relying on the visa sort. A radical understanding of those distinctions is essential.”
