KITA News and Reports
  • KITA Held Reception Inviting US House of Representatives

    KITA Held Reception Inviting US House of Representatives


    - US Congressmen and Korean businesspeople pledged economic cooperation between two countries -



    Members of the US House of Representatives visited Korea and met with Korean entrepreneurs.



    The Korea International Trade Association (Chairman, Kim In-ho) held a reception on August 29, Tuesday, by inviting the delegation of the members of the US House of Representatives by Ed Royce, chairman of the House Committee on Foreign Affairs, and provided an exchange opportunity for the representatives and Korean traders and investors. Including Shim Jae-kwon, a chairman of the National Assembly Foreign Affairs and Unification Committee, the reception was attended by 90 Korean executives and officials from Korean Air, Hyundai Motor, POSCO, SK, SeAH and Hyosung that are involved in trade with the United States.



    The U.S. attendees included Chairman of the House Committee on Foreign Affairs Ed Royce, Co-chair of Congressional Caucus on Korea Ami Bera, Chairman of the Subcommittee on Asia and the Pacific Ted Yoho, Committee on Foreign Affairs member Brad Schneider, Resident Commissioner of Puerto Rico Jennifer Gonzalez and their aides. The participants at the reception visited Korea to discuss major pending issues between the two countries, including the amendment of the Korea-U.S. Free Trade Agreement and security matters on the Korean Peninsula.


    At the reception, Korean businesspeople had the networking opportunity to meet with the U.S. Representative members and their aides, who are in the center of making the US domestic and international political and economic policy decisions, in person and introduce the business activities of each company and communicate about the difficulties.


    Rep. Ed Royce and Rep. Ami Bera especially showed keen interest in Korean companies investing in the U.S. by visiting head offices of CJ and SPC, who have invested in California, the congressional district of the two politicians,



    Meanwhile, Rep. Ed Royce and KITAs Chairman Kim In-ho announced a joint statement on mutual cooperation between Korea and the U.S. According to the joint statement, the two countries are to work more closely with each other in the interest of trade investment as well as job creation and to actively expand economic delegations. The two countries also agreed to cooperate with each other to raise awareness of the reciprocal achievements of the Korea-US free trade pact.


    Rep. Ed Royce said The two countries' alliance, which was built upon the Korean War, has continued to become stronger as time goes by, as businesspeople in the two countries have made great effort for it.


    Chairman Kim In-ho stated "The economic ties between Korea and the U.S. have developed into mutually beneficial partnerships." He stressed "Especially, the Korea-U.S. FTA is a symbol of the successful economic cooperation that has allowed practical benefits and faster growth for both countries over the past five years."

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