Ministry of Trade, Industry and Energy

Deputy Minister for Trade Park Jong-won at the Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea met the U.S. economic delegation led by the U.S.-Asia Institute (USAI) today and discussed measures for wider bilateral trade and deeper cooperation in bio and other advanced industries.

Headed by USAI Vice Chair Tami Overby and composed of representatives of companies like Coupang, Organon, MPSC, and FedEx, the delegation visited Korea to bolster Korea-U.S. economic cooperation and create new business opportunities, expressing strong interest in the Asia-Pacific Economic Cooperation (APEC) Summit 2025 to be hosted by Korea. 

During the talks, Deputy Trade Minister Park took stock of U.S. firms’ business situation in Korea and articulated the Korean government’s commitment to strengthening bilateral economic cooperation. He highlighted the need for companies’ active cooperation for the two countries’ relations to advance towards a solid alliance of high-tech industries and supply chains.

Meanwhile, the deputy trade chief remarked that Korea is giving full measure to host a successful APEC summit upon its resuming the APEC chairmanship in 20 years and asked for U.S. business leaders’ interest and support so that the summit can serve as a platform for cooperation across the Asia-Pacific region’s political, economic, social, and such diverse areas.