Korean President Cho Won-tae and other Hanin Group executives attended the event, with a focus on strengthening cooperation in AI and the innovative industry.
The American Chamber of Commerce in Korea (AmCham) announced on the 22nd that it had signed a Memorandum of Understanding (MOU) with the City of San Francisco at the Four Seasons Hotel Seoul. The MOU signing was attended by San Francisco Mayor Daniel Lurie, AmCham Chairman and CEO James Kim, Hanjin Group Chairman Cho Won-tae, San Francisco Giants Enterprises President Stephen Revetria, Visa Korea President Patrick Storey, and other executives from AmCham member companies.
Seoul and San Francisco are celebrating the 50th anniversary of their sister city relationship this year. AmCham expressed expectations that this agreement will expand the collaboration, which has primarily focused on cultural and human exchanges, into a private sector-driven economic and industrial partnership. Both parties plan to strengthen connections between businesses and the innovation ecosystem and to explore opportunities that can lead to tangible cooperation outcomes.
James Kim stated, “San Francisco is a leading city in innovation, entrepreneurship, and global exchanges, with great potential for collaboration in various fields such as technology, AI, culture, and investment. Through this agreement, we aim to enhance business cooperation and expand investment and exchanges, leading to tangible results.”
Mayor Lurie commented, “As Seoul and San Francisco celebrate the 50th anniversary of their sister city relationship, I am pleased to see our economic cooperation being strengthened. I hope this agreement will broaden exchanges between the two cities and expand opportunities for trade and investment.”