2022.02.04
By James Kim, The Korea Times - Two things become apparent for anyone who spends time around me; I am passionate about American Chamber of Commerce in Korea (AMCHAM), and I love tennis. For AMCHAM, it is pretty simple: I want to see all of our member companies succeed in Korea and the United States. The unprecedented growth we saw in 2021 is a testament to the value of the AMCHAM staff, Board of Governors, and Committee Co-Chairs. They have contributed considerably to the AMCHAM ecosystem and the U.S.-Korean business community at large.
But there is more to me than
AMCHAM. Tennis has also contributed to my personal and professional growth. At
age 10, I picked up my first racket and have yet to put it down. I still play
two to three hours every Saturday and Sunday with players 15 to 40 years
younger than I am -- many of whom were or are currently professional players. I
enjoy the challenge of "winning and competing." The competitive drive
that I get from tennis extends beyond the game to become a key motivator in
business.
In some ways, the court has
become my boardroom. I have played with former U.S. Ambassadors Christopher
Hill, Kathleen Stephens, Sung Kim, and current U.S. Ambassador to Indonesia. I
have also played with former South Korean President Lee Myung-bak, current
Mayors of Seoul and Busan (Oh Se-hoon and Park Hyeong-joon), and many other
Korean government officials. Tennis has allowed me to establish many close
relationships on and off the court. These connections and friendships are
priceless.
At AMCHAM, one of our stated
goals is to make Korea the Regional Headquarters for Asia. The Korean Wave,
comprised of K-POP (BTS), K-DRAMA (Squid Games), K-MOVIES (Minari), and
K-CUISINE (BIBIGO), has already boosted the Korean brand and image. Korea is
now a leading influential player in the world. But we have more to do. K-SPORTS
is the next Korean Wave, and I would love to see tennis pave the way for
another K-success.
As an example, Korean tennis
professional Kwon Soon-woo has a lot of potential globally. He is currently
ranked 53rd in the world and 2nd in Asia. He just captured his first ATP
Championship at the Astana Open last September. This is the first time a Korean
player has won an ATP tournament since 2004, when my good friend Lee Hyung-taik
won the Sydney International tournament. The length of time between the two
championships demonstrates the difficulty in succeeding professionally in
tennis; nearly twenty years have elapsed since Lee Hyung-taik's victory.
Kwon Soon-woo is currently
playing in the Australian Open, one of the four Grand Slams (along with the
French Open, Wimbledon, and the U.S. Open). He won his first-round but lost in
a long, difficult match with the 14th ranked player in the world, Denis
Shapovalov from Canada. The match lasted nearly four hours and 30 minutes, a
true test of both players' physical and mental stamina. Although Kwon Soon-woo
lost the match, he proved he could compete with anyone on the tour. I truly
believe that he can compete with the likes of Novak Djokovic and Daniil Medvedev,
the world's 1st and 2nd players. There is a good chance he could beat Roger
Federer today.
For a Korean player to compete
at this level is a testament to the culture of hard work, sacrifice, and focus.
Tennis is not a team sport, and there are no salaries. Although sponsorships
may be available, you can only make a living if you win. Simply put, each
player has to finance their career through prize earnings, paying for a coach,
a trainer and other support personnel, along with the costs involved with
travel and logistics. It takes a good deal of tenacity and drive to become a
Top 100 player in the world, let alone stay there, especially when an injury
may force early retirement.
Because of my passion for this
game, I would love to see more leading Korean players at the top of their games
globally. Similar to the Korean golfers (male and female) who are already in
the top echelon, I remain bullish about the prospects of Korean players winning
globally in tennis. However, players such as Kwon Soon-woo needs sponsors and
other supporters who can help make their dream of achieving global success a
reality. I hope that through tennis, Kwon Soon-woo can enhance a new K-category
of Sports to the Korea Wave.
James Kim is chairman and CEO
of AMCHAM Korea.