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AMCHAM, new FTC chief discuss Korea’s fair
trade policy, regulatory challenge
By Ha
Neual-bit, The Korea Herald - The American Chamber of Commerce in Korea on
Thursday held a roundtable in Seoul with Fair Trade Commission Chair Ju
Biung-ghi to discuss on the government’s fair trade policy and regulatory
challenges facing global companies operating in Korea.
In his
remarks, AMCHAM Chair and CEO James Kim underscored the importance of
transparent and predictable regulation to enhance Korea’s competitiveness as an
investment destination.
“Building on
the successful momentum from the APEC CEO Summit, AMCHAM looks forward to
working closely with Korea’s government, especially the FTC, to drive
innovation, transparency and stronger public-private partnerships,” he said.
The meeting
came after a bilateral summit between South Korean President Lee Jae Myung and
US President Donald Trump, held on the sidelines of the APEC meetings, where
the two leaders finalized the long-delayed tariff negotiations.
FTC Chair Ju
reaffirmed the commission’s commitment to strengthening cooperation with
competition authorities worldwide, while acknowledging that “differences in
systems and enforcement approaches can sometimes lead to misunderstandings.”
He also
stressed that “continuous dialogue is key to building trust and enhancing the
credibility and effectiveness of fair trade policies.”
Participants
at the closed-door session exchanged views on a range of issues, including the
FTC’s approach to regulations such as the proposed Online Platform Act,
responses to emerging technologies like artificial intelligence and improving
communication channels with multinational firms.
Kim expressed
appreciation for Ju’s leadership in promoting fair competition, protecting
consumers and ensuring balanced economic development. He added that “AMCHAM
looks forward to continued collaboration with the FTC to advance Korea’s fair
trade goals and strengthen its position as a global investment hub.”
Source: https://www.koreaherald.com/article/10610750?ref=naver
