Vol. 4 [Texas News] Korea-Texas Economic Forum Launched

• The “Korea–Texas Economic Forum” officially began its activities following its inaugural general meeting held on the 19th.
• At the meeting, former Consul General of Houston, Young-ho Jung, was appointed as Chairman of the Board, with no opposition raised during the selection process.

• The forum is a private-sector cooperative body aimed at supporting Korean venture, small and medium-sized, and mid-sized companies—as well as firms in the bio and healthcare sectors—in entering the U.S. market, while expanding economic cooperation between Korea and the United States.
• Chairman Young-ho Jung noted that amid shifts in global supply chains and the resurgence of U.S. manufacturing, Texas is emerging as a global hub in key industries such as semiconductors, electric vehicles, AI, bio-medical, and energy. He added, in line with this trend, interest in and the need for Korean companies to expand into Texas are rapidly increasing.

• The organization plans to collaborate with Korea’s Ministry of SMEs and Startups on a range of initiatives, including joint projects, the operation of global testbed programs, and cooperation in policy-related areas.

(Source: SBS Biz https://v.daum.net/v/B71noy715S?f=p )