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

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):

Op EdJun 27, 2017 - 12:15pm

Business Insider Op-ed: Now is not the time to rip up the US' trade deal with South Korea

When South Korean President Moon Jae-in arrives in Washington this week for his first official visit as Head of State, he will provide President Trump an opportunity to energize relations with a vital Asian ally. The U.S. Chamber of Commerce hopes the administration will seize this opportunity to ensure our trade ties fulfill their potential.

ReportApr 21, 2017 - 1:30pm
Report Cover for the 2017 Pacific Partners paper

Pacific Partners 2017: Japan's Economic Importance to the U.S.

This document, Pacific Partners 2017, is the third update on the ties between the U.S. and Japan, and is compiled by the U.S.-Japan Business Council. For this update, the growing exports of Japanese owned U.S. plants is but one of the highlights worth noting.

Above the FoldMar 15, 2017 - 7:00pm

Five Years of Free Trade: KORUS is Not Perfect, But It’s Working

I still remember the anxiety I got from driving an American-made car in Seoul.

Press ReleaseNov 10, 2016 - 6:30pm

U.S.-Korea Business Council and Korea-U.S. Business Council Joint Statement on 2016 Plenary

Members of the U.S.-Korea Business Council and the Korea-U.S. Business Council highlighted the strong economic, political, and cultural ties between the two economies, as well as the growing number of mutually-beneficial collaborations between U.S. and Korean businesses. With global growth remaining slow, the Councils reiterated the importance of continued cooperation across a variety of sectors to advance our bilateral economic and commercial relations.

ReportNov 09, 2016 - 8:00am

U.S.-Korea Business Council Releases Blueprint for U.S. and Korean Leadership on IoT Innovation and Deployment

The Internet of Things (IoT) is transforming the way we live, work, do business, and meet the needs of the public. This emerging technology will impact virtually all industries and all walks of life. There is little doubt the scale of IoT will grow exponentially. It is estimated that the number of connected devices will grow from 20 to 50 billion units in 2020 and the market size will grow to several trillion dollars by 2025. This report presents several use cases of IoT that demonstrate the benefits of the emerging technology in various industries and settings, including energy, manufacturing, healthcare, auto, supply chain and logistics, and cities.

Press ReleaseNov 09, 2016 - 5:00am

U.S.-Korea and U.S.-Japan Business Councils Host Trilateral Forum on Digital Economy and Internet of Things

SEOUL— The U.S.-Korea Business Council (USKBC) and U.S.-Japan Business Council (USJBC), affiliates of the U.S. Chamber of Commerce, today concluded a trilateral Internet of Things (IoT) and Digital Economy forum in Seoul, South Korea. The forum highlighted the potential of transformative technologies and the necessary public policies to support them.

Above the FoldOct 13, 2016 - 3:00pm
Ohio Governor John Kasich at a townhall meeting in Maryland in 2016.

John Kasich on Trans-Pacific Partnership: We Cannot 'Abandon this Opportunity'

Congress approving the 12-nation trade agreement will mean continued strong U.S. leadership.

ArticleMay 12, 2016 - 2:00pm

Here’s the Real Picture of KORUS: The United States is Selling More to Korea than Ever Before

With the Trans-Pacific Partnership (TPP), a free trade agreement with the United States and 11 other Pacific countries, finished and expected to be debated in Congress later this year, the usual opponents of trade agreements are at it again, using cherry-picked data to discredit trade agreements or trade in general.

Above the FoldMar 15, 2016 - 1:45pm

Four Years In: The Benefits of the U.S.-Korea Free Trade Agreement

The U.S.-Korea Free Trade Agreement entered into force four years ago today. While it’s still too early to arrive at a full assessment of its results, the agreement has already brought real benefits for American workers, farmers, ranchers, and companies.