Foreign business representatives expressed their concerns over Korea s antitrust policies during a meeting, Monday, with Fair Trade Commission (FTC) Chairman Han Ki-jeong and members of the American Chamber of Commerce in Korea (AMCHAM).
The American Chamber of Commerce in Korea (AMCHAM) said Wednesday that it will make a donation to the Foundation for Victims of Forced Mobilization by Imperial Japan. Its decision was made in support of the Korean government s announcement earlier this week that Korean victims of Japan s forced labor during the World War II will be compensated through a fund created by Korean companies, without the direct involvement of responsible Japanese firms.
The American Chamber of Commerce in Korea (AMCHAM) emphasized that Korea-U.S. relations are at their best, expressing optimism about the possibility of both countries resolving their ongoing dispute over the Inflation Reduction Act (IRA). “As long as we keep focusing on the long term, I believe there will be a resolution,” AMCHAM Chairman James Kim said during Thursday s press conference to celebrate the 70th anniversary of the organization s foundation. “I remain optimistic both sides will come up with a good understanding and a good resolution.”
A member of the Bank of Korea (BOK) Monetary Policy Board advised U.S. businesspeople here not to worry about the widening policy rate gap between the two countries, asking them to increase investments in Asia s fourth largest economy. The monetary policymaker s advice hints that Korea s central bank may not raise its key rate further this year, even if the U.S. Federal Reserve carries out a couple of additional rate hikes.