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Yeosu Signs Cooperation Agreement

Yeosu City and the Korean-American Chamber of Commerce agreed to facilitate economic cooperation Tuesday.

The city announced that they signed an business agreement for economic cooperation Tuesday.

According to the agreement, they will cooperate for sharing of information on trade promotion and economic development, economy-related events and trade missions and projects for Korean small- and medium-sized enterprises (SMEs) in Korea and the United States.

Yeosu vice mayor Lee Ho-kyung noted that the agreement is very significant in terms of corporate investment and investment climate as Yeosu’s brand is enhanced with the Yeosu International Expo 2012. He also expected the chamber to lead expansion of regional SMEs.

Head of the chamber Kim Chun-sik noted that it will expand mutual cooperation and reinforce partnerships with entrepreneurs in Yeosu and the Yeosu Chamber of Commerce and Industry, adding that it will strengthen exchanges in economy, human resources and administrative affairs.

The Korean-American Chamber of Commerce with 200,000 members was organized by Korean businessmen in the United States and has contributed to enhance prestige of the Korean society in the United States.

Source Text

Source: Newsis (Oct. 29, 2013)

** This article was translated from the Korean.