Opportunity to Acquire and Merge American Companies
- KITA held '2018 US Investment
Promotion Seminar and Consultation' -
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.
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.
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.”
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.
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."