US Chamber of Commerce in Korea Successfully Hosts 'Washington D.C. Door Knock' After 3 Years... Exploring Cooperation Measures Including IPEF

2022 Washington D.C. Door Knock Program by the American Chamber of Commerce in Korea. Photo by the American Chamber of Commerce in Korea

[Asia Economy Reporter Donghoon Jung] The American Chamber of Commerce in Korea (AmCham) announced on the 18th that it held the "Washington Door Knock" event in Washington DC, USA, from the 27th to the 29th of last month to discuss ways to strengthen economic cooperation between Korea and the United States.

During this visit to the US, the AmCham delegation met with key figures from the Biden administration and the US Congress, requesting that the US government prioritize Korea as a key ally in the Indo-Pacific Economic Framework (IPEF).

In particular, the delegation highlighted supply chains as a core area for economic security alliances among the four main agendas of IPEF, emphasizing the importance of security alliances and AmCham's role. AmCham also stated that it is discussing the formation of an IPEF working group that can closely cooperate with both the Korean and US governments.

Furthermore, the delegation stressed the need to increase economic incentives, such as enabling more Koreans to obtain US work visas, to attract more Korean investment into the US.

James Kim, Chairman and CEO of AmCham, said, "AmCham will continue to work closely with both governments to further strengthen Korea-US economic cooperation."

AmCham's "Washington Door Knock" is a program that seeks cooperation measures by meeting with senior US officials and policy makers. It was held for the first time in three years due to COVID-19.