President Lee Calls on U.S. Business Group to Seek Opportunities to Expand Investment in Korea

President Lee Jae-myung invited Evan Greenberg, chairman of the U.S.-Korea Business Council and chairman and CEO of Chubb Group, to Cheong Wa Dae for a meeting.

President Lee told Chairman Greenberg, "Based on a solid security alliance, South Korea and the United States are developing into a future-oriented, comprehensive strategic alliance encompassing the economy and cutting-edge technology," adding, "Just as the United States has contributed to South Korea's economic development, I hope South Korea can also play a role in U.S. industrial development," according to Chief Presidential Spokesperson Kang Yu-jung.

President Lee said, "For sustainable economic cooperation, investments must actively flow in both directions," and requested, "Just as our companies invest in the U.S., I ask the U.S.-Korea Business Council to actively seek new investment and business opportunities in South Korea so that American companies' investments in South Korea can expand further."

In particular, noting that South Korea is investing intensively in human resources and technology and that the defense industry holds great potential for bilateral cooperation, he emphasized, "I hope mutually complementary cooperation will be achieved."

In response, Chairman Greenberg said, "North America and Northeast Asia, especially the United States and South Korea, are leading global growth," adding, "The agreement between South Korea and the United States on strategic investments will further strengthen bilateral relations."

Former U.S. House Speaker Kevin McCarthy also attended the meeting.

The U.S.-Korea Business Council is a consultative body under the U.S. Chamber of Commerce composed of heads of major American corporations engaged in Korea-U.S. economic cooperation, and maintains a cooperative partnership with the Korea-U.S. Business Council in South Korea.

(Photo courtesy of Cheong Wa Dae, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.