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AMCHAM
's latest insight report reveals policy recommendations amid tariff tensions
By Yoon So-Yeon, Korea
JoongAng Daily - The American Chamber of Commerce in Korea (AMCHAM) published
its “2025 Business Environment Insight Report,” providing key policy
recommendations amid escalating tensions due to the recent U.S. tariff
declaration, the chamber said Tuesday.
The report tackles 70
regulatory issues across 12 major industries, ranging from aerospace,
automotives and pharmaceuticals to the digital economy and energy. It arrives
ahead of the 2025 APEC Summit to be held in October — the first time in 20
years that Korea will hold the event.
"This annual
report offers a comprehensive analysis of the regulatory landscape for U.S.
businesses operating in Korea and highlights key policy recommendations to
foster a more transparent, predictable and globally aligned business
environment," AMCHAM said in a press release.
"Recommendations
focus on aligning Korea’s regulatory framework with global standards,
eliminating duplicative policies and improving market access for U.S.
companies."
The report also
emphasizes regulatory barriers unique to the Korean business environment that AMCHAM
says "hinder the meaningful entry and expansion of U.S. goods and
services."
“While recent
developments surrounding reciprocal tariffs have introduced new challenges to
the bilateral trade environment, we remain confident in the strength and
resilience of the U.S.-Korea economic partnership,” said AMCHAM Chairman James
Kim.
“For over 70 years, our
two countries have built one of the most trusted and mutually beneficial
commercial relationships in the world. AMCHAM believes that continued
collaboration and open dialogue will be key to overcoming short-term
uncertainties and advancing long-term shared prosperity. This report provides a
practical framework to help Korea further align with global standards and
remain a competitive, reliable destination for American business and
investment.”
The report is available
for download on the AMCHAM website in both Korean and English.
