April 25, 2023


WASHINGTON, D.C. – Under the banner “Bolstering the Alliance: Economic Security, Technology, and Innovation,” the U.S. Chamber of Commerce’s U.S.-Korea Business Council today hosted Yoon Suk Yeol, President of the Republic of Korea, Gina Raimondo, U.S. Secretary of Commerce, Lee Chang-Yang, Korea's Minister of Trade, Industry and Energy, and other top public and private sector leaders from the U.S. and Korea to discuss ways to deepen the bilateral economic and trade relationship. 

In high-level meetings co-hosted by the Federation of Korean Industries, the U.S. Chamber’s Korean counterpart organization, participants examined how the U.S. and Korean governments and business communities can advance collaboration in key areas including climate resilience, energy security, critical and emerging technologies, digital transformation, and semiconductor security. 

Suzanne P. Clark, President and CEO of the U.S. Chamber of Commerce said, “Over the past seven decades, the U.S.-Korea relationship has transformed from a security alliance into a flourishing global partnership promoting peace and prosperity around the world, underpinned by our shared values like democracy and free enterprise.  We are honored to have President Yoon at the U.S. Chamber today for this impactful engagement with American businesses during his first official U.S. visit. At the U.S. Chamber—as longtime supporters of the U.S.-Korea Free Trade Agreement—we anticipate that the next seven decades of U.S.-Korea economic ties will drive benefits to the U.S. and Korean economies, promote innovation, and promote people-to-people ties between our two countries.” 

Calling the U.S.-Korea relationship the “exemplary alliance,” President Yoon said in his remarks, “What started as a military and security alliance should evolve into a supply chain and future-oriented innovative technology alliance, one in which our two countries grow and act together.”  He added, “The combination of core technologies from the United States and the Republic of Korea's advanced manufacturing capabilities will create enormous synergies” and called on both countries to reaffirm their status as true allies in innovation and entrepreneurship.