U.S.-Korea Business Council

The U.S.-Korea Business Council (USKBC) is the premier business advocacy organization representing America’s top companies engaged with Korea. It is made up of senior-level executives of U.S. companies from every business sector that are major investors in Korea and are actively committed to the Korean market.

Our Mission

The USKBC was established in 1987 with a mission to foster better business ties between the United States and Korea, as well as to promote the bilateral economic and political relationship in order to expand trade and investment between the two countries.

Our History

The origins of the U.S.-Korea Business Council and the Korea-U.S. Business Council date to July 1986, when James M. Voss, chairman of the Caltex Corporation, and Dr. Nam Duck-Woo, chairman of the Korea-U.S. Economic Council (KUSEC), agreed to organize a joint conference of U.S. and Korean business executives. The U.S.-Korea Business Council and the Korea-U.S. Business Council were established in 1987 to realize this vision.

The U.S.-Korea Business Council was established as an independent organization under the chairmanship of David Roderick, chairman of the USX Corporation. KUSEC (now hosted by the Korea International Trade Association) assumed responsibility as the secretariat of the Korean council, which was chaired by Dr. Nam Duck-woo. The two councils held their first joint steering committee meeting in March 1998 and their inaugural joint conference in October 1988 in Seoul, Korea.

The founding mission of the councils was to foster better business ties between the United States and Korea, and to promote the bilateral economic and political relationship in order to expand trade and investment between the two countries. Through dialogue, working groups, and other unilateral and joint initiatives, the councils for more than twenty years have led efforts in both the United States and Korea to improve the bilateral trade and investment environment.

In 1999, the Federation of Korean Industries assumed responsibility from KUSEC as the secretariat of the Korea-U.S. Business Council. In 2002, the U.S. Chamber of Commerce became secretariat of the U.S.-Korea Business Council.

Recent Activity

ReportJun 19, 2018 - 5:30pm

Digital Drivers: Korea's Fast Lane to Economic Growth

This report highlights the best practices and policies that Korea can implement to maximize the benefits of technology across sectors, and help the Korean government sustainably develop its vision for the 4th Industrial Revolution.

EventApr 16, 2018 - 3:00pm to 4:30pm

Enhancing the U.S.-Korea Partnership

As part of our KONNECTUS initiative the U.S. Chamber of Commerce and the Korea International Trade Association cordially invite you to join a discussion of the bilateral trade and investment relationship, including the recently proposed modifications to the U.S.-Korea Free Trade Agreement (KORUS).

Press ReleaseMar 28, 2018 - 12:30pm

U.S. Chamber's Donohue Statement on the U.S.-Korea Free Trade Agreement

WASHINGTON, D.C. — U.S. Chamber President and CEO Thomas J. Donohue today issued the following statement on the U.S.-Korea Free Trade Agreement (KORUS): “The U.S. Chamber welcomes today’s announcement from the United States and South Korea regarding KORUS, restoring certainty to one of our most important economic and national security relationships.  

EventMar 26, 2018 - 12:30pm to 6:00pm

Asia-Pacific Economic Corporation (APEC) Cross Border Privacy Rules (CBPR)

This workshop will feature panel discussions focused on implementation, benefits, and operation of Cross-Border Privacy Rules as well as the next steps for promoting CBPRs. U.S. Commerce Secretary Wilbur Ross and U.S. Federal Trade Commission Acting Chairman Maureen Ohlhausen will deliver keynote remarks.

Above the FoldFeb 06, 2018 - 1:15pm
A doctor performs surgery with the help of a nurse Seoul, South Korea.

KORUS Implementation Matters to the Future of Health Care Innovation in Korea

It would promote increased exports of U.S. health care innovations to Korea, supporting jobs here.

Above the FoldJan 29, 2018 - 9:00am
President Donald Trump speaks at the World Economic Forum in Davos, Switzerland.

Reminder From Davos: Trade Moves on Without Us

If America is not leading on trade, it is falling behind.

Above the FoldNov 17, 2017 - 4:45pm
President Donald Trump speaks at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Da Nang, Vietnam.

U.S. Leadership Needed in the Asia-Pacific

As the U.S. stands still other nations will continue moving ahead at the expense of our exporters and their workers.

Press ReleaseNov 08, 2017 - 6:00am

U.S. Chamber of Commerce, National Center for APEC, and US-ASEAN Business Council Statement on APEC Leaders’ Week

DA NANG, VIETNAM—On the occasion of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week, the U.S. Chamber of Commerce, National Center for APEC, and US–ASEAN Business Council joined together to issue the below statement:

Letters to CongressOct 12, 2017 - 3:00pm

Joint Statement: U.S.-Korea Business Council and Korea-U.S. Business Council

On October 11, 2017 the U.S. Chamber’s U.S.-Korea Business Council and the Korea-U.S. Business Council issued a joint statement following the annual joint plenary meeting of the two councils. The joint statement reaffirms their commitment to KORUS and continued economic cooperation between the two nations.

Press ReleaseSep 05, 2017 - 3:00pm

U.S. Chamber Statement on Threats of Withdrawal from U.S.-South Korea Trade Agreement

WASHINGTON, D.C. — U.S. Chamber President and CEO Thomas J. Donohue issued the following statement in response to reports that the Trump administration is considering withdrawing from the U.S.-South Korea Free Trade Agreement (KORUS):