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28th joint meeting of Korea-US/US-Korea Business Councils in Seoul
Jae-Ho, YOON / International Cooperation Team
   In cooperation with the US Chamber of Commerce, FKI held the 28th joint conference of the Korea-US/US-Korea Business Councils at the FKI Tower Conference Center, Seoul, on November 10.

   In his opening remarks, Chairman Yang Ho Cho of the Korean council said, "The two business communities in Korea and the U.S. are greatly interested in the future developments of the policies regarding security and trade which has been much debated during the U.S. presidential race. Today's meeting, I do hope, will be able to help us work out issues over economic cooperation, the Korea-U.S. alliance, security cooperation in Northeast Asia and trade."

   The participants of the conference discussed the Korea-US alliance and security in Northeast Asia, pending bilateral trade issues, ways to cope with aging, amelioration of the business environment and cooperation in the bio-industry. Minister Hyung Hwan Joo of the Ministry of Trade, Industry and Energy (MOTIE) made a keynote address concerning Korea's economic policies and Korea-U.S. economic cooperation, General Vincent K. Brooks, Commander of U.S. Forces Korea (USFK), focused on the Korea-U.S. alliance and security and U.S. Ambassador to Korea Mark Lippert elaborated on pending bilateral trade issues and economic cooperation.

   The event was attended by 70 government officials and business leaders from both countries, including Chairman Yang Ho Cho, Executive Chairman of Qualcomm Paul Jacobs, MOTIE Minister Joo, Kim Hong Kyun Kim, Special Representative for Korean Peninsula Peace and Security Affairs, U.S. Ambassador to Korea Mark Lippert and USFK Commander Gen. Vincent K. Brooks.