Korea Federation of SMEs Holds "U.S. Market Entry Strategy Seminar for SMEs"

Key Korean-American Infrastructure in Four Major Fields: Finance, Insurance, Law, and Administration Participate
Expanded Customized Support for SME U.S. Market Entry

The Korea Federation of SMEs announced on September 19 that it held the "U.S. Market Entry Strategy Seminar for SMEs." This seminar was organized to provide practical information in the fields of finance, insurance, law, and administration, which are the areas where small and medium-sized enterprises that have entered or wish to enter the United States face the greatest challenges.

Presenters at the seminar included Hanmi Bank, Hub International, and LBBS Law Firm, all of which signed a financial business agreement with the Korea Federation of SMEs in Los Angeles last April to support Korean SMEs' entry into the U.S. market. The City of Garden Grove, which is seeking to attract Korean companies and is promoting the creation of a K-Food Street, also participated as a presenter.

In the finance and insurance session, Anthony Kim, Senior Executive Vice President, and Cho Manseon, Executive Vice President of Hanmi Bank, introduced "The U.S. Investment and Financial Environment and Strategies for Utilizing Korean-American Financial Infrastructure." Park Gihong, President of Hub International Insurance, explained "Differences Between Korean and U.S. Insurance Systems and Essential Insurance for Corporate Human Resources Management."

In the legal and administrative session, Scott Lee, partner attorney at LBBS Law Firm, discussed "Key Considerations for Corporate Establishment Under the U.S. Legal System, Which Varies by State." Lastly, Jenny Lee, Director of Human Resources for the City of Garden Grove, introduced "The Strengths of Garden Grove as a Strategic Base for U.S. Market Entry."

Before and after the seminar, one-on-one business consulting booths were operated by relevant organizations, including the presenters, Seoul Main Customs, Korea Trade Insurance Corporation, and the Trade Security Management Institute.

Kim Ki-moon, Chairman of the Korea Federation of SMEs, stated, "As Korean SME products such as K-Food and K-Beauty gain popularity in the U.S. market, more small and medium-sized enterprises are considering entry into the United States, but many struggle because they do not know where or how to start. For SMEs lacking local information, actively utilizing the Korean-American infrastructure in finance, insurance, law, and administration can be an effective solution."