April 25, 2024

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[THE INVESTOR] U.S. businesses based in South Korea said on May 14 they will send a delegation to the White House this month to promote the benefits of the free trade agreement between Seoul and Washington as the Donald Trump administration is reviewing the five-year deal for a possible renegotiation.

The delegation of the American Chamber of Commerce in Korea (AMCHAM) will visit Washington from Monday to Thursday and meet high-ranking officials at the White House. 

AmCham Korea Chairman James Kim (right) speaks during a press conference held at the AmCham headquarters in Seoul in February. AmCham Korea

The visit came as U.S. President Donald Trump has been seeking to roll out protectionist policies while calling the Seoul-Washington trade pact a "horrible deal."

Through its meeting with various U.S. governmental bodies, the delegation plans to explain the benefits of the free trade agreement and its positive impact on the U.S. economy.

South Korea's top automaker Hyundai Motor will also join the visit, marking the first time for a non-American firm to join the AMCHAM delegation.

By Kim Young-won and news wire (wone0102@heraldcorp.com)