President Lee Jae-myung on the 15th told Evan Greenberg, chairman of the U.S.-Korea Business Council and chairman of Chubb Group, that he hopes South Korea can play a role in advancing U.S. industry, just as the United States has contributed to Korea's economic development.
Lee made the remarks after inviting Greenberg to the Blue House, saying the two countries are evolving into a forward-looking comprehensive strategic alliance spanning economic and advanced technology cooperation on the foundation of a firm security alliance, according to Kang Yu-jung, senior presidential spokesperson.
"For sustainable economic cooperation, investment must flow actively in both directions," Lee said. "I ask the U.S.-Korea Business Council to actively seek new investment and business opportunities in Korea so that U.S. companies can expand their investment here alongside Korean firms' investment in the United States." He noted that Korea is investing heavily in human resources and technology and that the defense industry holds significant potential for bilateral cooperation, stressing that he hopes complementary cooperation can be achieved.
Greenberg said North America and Northeast Asia, particularly the United States and South Korea, are driving global growth, adding that the two countries' agreement on strategic investment will further strengthen their relationship.
Former U.S. House Speaker Kevin McCarthy also attended the meeting. The U.S.-Korea Business Council, operating under the U.S. Chamber of Commerce, is a body of chief executives of major American companies engaged in bilateral economic cooperation, and works in partnership with Korea's Korea-U.S. Business Council.