KITA News and Reports
  • Golden Opportunity to Acquire and Merge American Companies
    2017-11-10

    Golden Opportunity to Acquire and Merge American Companies

     

    -  KITA held '2018 US Investment Promotion Seminar and Consultation' -

     

     

    The Korea International Trade Association (KITA) held '2018 US Investment Promotion Seminar and Consultation' at the Trade Tower in Samseong-dong, Seoul, on November 9, Thursday, in cooperation with The Association of American State Offices in Korea (ASOK). The event was attended by more than 100 business people who want to invest in the United States and trade with the country.

     

    The event was held under uncertain global trade conditions between Korea and the US, as the US has strengthened import regulations on Korea and requested to revise the Korea-US FTA. Therefore, the seminar mainly focused on the forecast of the changed investment environment of the US since the Trump administration’s inauguration and the analysis of the promising markets in the US.

     

    At the keynote session in the seminar, the representative attorney Kim Yong-sang of the Seoul office of the US law firm O'Melveny & Myers LLP said "We need to take this moment as a great opportunity to invest in the United States and acquire and merge the US companies rather than worrying about the possibility of amendment of the free trade agreement between the two countries.” He also emphasized “When it comes to business merging and investment, it could be the right time to invest in the US as there are many business-friendly figures in the Trump Administration.” 

     

    Investment consultations between Korean companies and seven US states, including Georgia, Louisiana, Mississippi, and Virginia were carried out. The Korean companies participated in the consultation session obtained market information about each state of the US and discussed the actual investment procedures.

     

    Jang Sang-sik, the head of Americas Department at the Korea International Trade Association, stated “The United States is one of the most attractive investment destinations and the country has the largest domestic market in the world.” He also mentioned "In the era of the fourth industrial revolution, it is necessary for Korean corporations to continuously tap into the US investment market with their high value-added technology and innovation."

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