Latest from press corps traveling with the President in South Korea

Subject: Pool report #1 — business roundtable

 

Potus met this morning with American and Korean business leaders to talk about making investments in the United States. At 9:15 a.m., the pool went in for a pool spray at the top of the meeting. The president was seated at a u-shaped table, with Mike Froman on his left and Caroline Atkinson on his right.

 

He made a few brief remarks, noting that, as important as the security alliance is, business opportunities are also at the top of his list. Trade has increased under the KORUS agreement, he said, calling it a “win-win for both countries.” There’s more work to do to fully implement it, he said, something he and President Park discussed in their meeting yesterday. Noting Korea’s interest in the TPP, Obama said that fully implementing KORUS is “the best way to demonstrate it can meet the high standards” of the Trans Pacific agreement.

 

Addressing international executives, Obama said, “If you are looking for a great place to set up shop, come to the United States.” The US has good schools and a “pretty big consumer market,” as well as a government committed to making it easier to invest.

 

Obama said he would “spend most of my time listening” to leaders at the meeting. Also called the US/Korea relatoinship “one of the key economic relationships of the 21st century.”

 

From the White House, here is a list of participants:

 

• James Kim, Chairman, AMCHAM Korea

Country Manager, Microsoft Korea

• Amy Jackson, President, AMCHAM Korea

• Pat Gaines, President, Boeing Korea

• David Ruch, Country Manager, United Airlines

• Jae Jung, President, Ford Korea

• John Kim, Managing Director, Goldman Sachs Korea

• Han Duck-Soo, Chairman, Korea International Trade Association (KITA)

• Huh Chang-Soo, Chairman, Federation of Korean Industries

Chairman, GS Group

• Park Yong-Maan, Korea Chamber of Commerce and Industry

Chairman and CEO, Doosan Corporation

• Lee Kun-hee, Chairman of Samsung

• Jay Y. Lee, Vice Chairman, Samsung Electronics

• Chung Mong-koo, Chairman, Hyundai Motor

• Cho Yang-rai, Chairman, Hankook Tire Company

• Cho Yangho, Chairman and CEO, Korean Air Lines

Chairman and CEO, Hanjin Group

• Shin Dong-Bin, Chairman, Lotte Group

• Bon Moo Koo, Chairman, LG Group

• Michael Froman, United States Trade Representative

• Caroline Atkinson, Deputy National Security Advisor for International Economics

• Wendy Cutler, Acting Deputy United States Trade Representative

• Sung Kim, U.S. Ambassador to the Republic of Korea

• Ahn Ho-Young, Ambassador of the Republic of Korea to the United States

 

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