The American Chamber of Commerce in Korea and North Gyeongsang Province signed a memorandum of understanding on Friday to enhance economic cooperation and attract foreign investment ahead of the 2025 APEC Summit in Gyeongju later this year.

The signing ceremony was attended by AmCham Chairman and CEO James Kim and North Gyeongsang Province Gov. Lee Cheol-woo, along with representatives from key AmCham member companies.

Under the agreement, AmCham and the provincial government will collaborate to position the province as a key investment destination through joint promotional activities and networking events targeting multinational companies.

"It is an honor to strengthen our partnership with North Gyeongsang Province at such a critical time. Signing this agreement in Gyeongju, the host city of the 2025 APEC Summit, makes it even more meaningful," said Kim, the AmCham CEO.

He added that the collaboration would highlight the province’s investment potential and South Korea’s economic resilience on the global stage.

Gov. Lee emphasized that the MOU will help enhance cooperation with global companies and create a business-friendly environment, further positioning the province as a major economic hub and a prime investment destination for US businesses.

By Chung Hye-lim (hyelimchung@heraldcorp.com)