Arizona Strengthens Global Ties with New Trade Office in South Korea
In a strategic move to bolster international trade, Arizona has unveiled its latest trade and investment office in Seoul, South Korea. This initiative, backed by the Arizona Commerce Authority, aims to enhance the state’s economic partnerships and follows the recent inauguration of a similar office in Taipei, Taiwan.
Arizona is proud to enhance our ties with a critical trade partner in South Korea, a global leader in advanced technologies,
expressed Governor Katie Hobbs, emphasizing the significance of this collaboration. She highlighted the robust economic relationship between Arizona and South Korea, particularly in the innovation-driven sectors.
In a testament to the growing economic ties, South Korea’s LG Energy Solution announced in 2022 its decision to invest $1.4 billion in a new battery manufacturing facility in Queen Creek, Arizona. This project is expected to generate at least 1,000 jobs, showcasing a burgeoning opportunity in sectors like semiconductors, aerospace, and automotive.
Sandra Watson, President and CEO of the Arizona Commerce Authority, remarked, Our South Korean trade office represents a significant opportunity to further scale Arizona’s global competitiveness.
She noted the potential for growth and strengthened relations between Arizona and South Korea.
The U.S. Ambassador to South Korea, Philip S. Goldberg, also expressed his approval, stating, I’m pleased that Arizona is opening an office here in South Korea. Arizona’s new office will help contribute to deepening the U.S. – ROK alliance.
The Arizona Commerce Authority has appointed Julie Kim, a seasoned consultant in trade and investment, to lead the new office in South Korea. Kim brings a wealth of experience, having previously served in various roles including as the director of the Korea office for the State of Virginia.
Media Contact
Alyssa Tufts, Arizona Commerce Authority, [email protected]
About the Arizona Commerce Authority
The Arizona Commerce Authority (ACA) is the state’s leading economic development organization with a streamlined mission to grow and strengthen Arizona’s economy. The ACA uses a three-pronged approach to advance the overall economy: attract, expand, create – attract out-of-state companies to establish operations in Arizona; work with existing companies to expand their business in Arizona and beyond; and help entrepreneurs create new Arizona businesses in targeted industries. For more information, please visit azcommerce.com and follow the ACA on Twitter at @azcommerce.
Read More Here
