The American Chamber of Commerce in Korea (AMCHAM) signed a memorandum of understanding (MOU) with the City of San Francisco on the 22nd at Four Seasons Hotel Seoul. The aim is to further strengthen economic cooperation between Korea and San Francisco and expand collaboration across corporations, investment, and industry. AMCHAM Chairman and CEO James Kim and San Francisco Mayor Danielle Lurie signed the MOU.
An AMCHAM official said, "Seoul and San Francisco mark the 50th anniversary of their sister-city ties this year," and noted, "This agreement will be a starting point for expanding cooperation, which has so far centered on cultural and people-to-people exchanges, into private sector–led economic and industrial cooperation."
The two sides plan to strengthen linkages between corporations and the innovation ecosystem and actively identify opportunities that can lead to tangible cooperative outcomes.
Kim said, "San Francisco is a city that leads innovation, entrepreneurship, and global exchange, with great potential for cooperation in various fields such as technology and AI, culture, and investment," and added, "Through this agreement, we will strengthen business cooperation between the two sides and expand investment and exchanges to achieve tangible results."
AMCHAM plans to use this agreement as a springboard to further expand cooperation with major global cities and work to strengthen Korea's global competitiveness.