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2016-KOCHAM-Annual-Review.Pdf A Message from the Chairman Dear Members, It is with my great pleasure to announce the publication of 2016 KOCHAM Annual Review. Since 1997, the KOCHAM Annual Review has been published yearly in order to outline our organization’s key endeavors and achievements of the year. This year’s KOCHAM Annual Review also contains a summary of KOCHAM’s major accomplishments in 2016. It is our hope that you, the executive and staff members of our esteemed member corporations, be able to use the review as an opportunity to widen your understanding of KOCHAM. In 2016, KOCHAM collaborated with Korean traders associations throughout the United States to establish ourselves as a true government negotiating agency akin to AMCHAM Korea in Korea. In keeping with our founding principles, we have been hard at work expanding our activities advocating the interests of Korean corporations, as well as supporting negotiations between the governments of Korea and the United States. As part of these efforts, and as a follow up to our 2015 issue, KOCHAM has released the ‘2015-2016 White Paper on Trade”, outlining the difficulties faced by Korean trade and commerce companies. As in 2015, in 2016 we invited executive and staff members of the esteemed member corporations of KOCHAM to the New York Stock Exchange, demonstrating Korea’s status in the U.S. Other efforts made to support the hard work of our member corporations amidst difficult circumstances included hosting various seminars, providing helpful information through publications, supplying data on economic and industrial trends, and expanding the information exchange and networks of the executive and staff members of our member companies through KOCHAM’s annual sports gatherings and dinners. KOCHAM also helped raise funds for less fortunate members of the Korean community in the United States. The ‘Hope-sharing’ fund, begun in 2014 to help those in need in the expatriate community, has continued to grow; and the summer internship program at KOCHAM, now in its 12th year, has been expanded each year. All of KOCHAM’s aforementioned endeavors were made possible by the enthusiastic cooperation and support of our member corporations. Again, we extend our sincerest thanks to each and every one of the executive and staff members of our member corporations, and ask for your continued enthusiasm and support in the coming year. Thank you. January 2017 Won Ki Kim Chairman Table of Contents 1. About KOCHAM 2. General Assembly 3. Business Issues for members 4. National Networking 5. Special Events 6. Corporate Seminars 7. Speeches at the Executive Committee 8. Support for the Korean-American Community 9. Summer Internship Program 10. KOCHAM Member Services 11. Publications 12. KOCHAM Korean Educational Institute 13. Board of Directors 14. Sub-Committees 15. List of KOCHAM Members 16. Membership 04 2016 Annual Review About KOCHAM KOCHAM, the Korean Chamber of Commerce and Industry in the U.S.A., is a private national nonprofit organization in New York City. Founded in June 1992, KOCHAM serves and represents Korean business entities doing business throughout the United States. Our membership includes major Korean corporations, financial institutions, and non-profit organizations operating in a wide range of sectors. There are also special members, such as locally-based law firms, accounting firms and other professional service providers with a Korean client base or who have other business interests in Korea. In the USA, it has regional chapters in major states such as Michigan, Georgia and Washington, etc. As the most prominent representative of U.S. based Korean subsidiary firms, KOCHAM fulfills a multi-faceted aim. KOCHAM supports locally-based Korean executives to provide their employees and families with practical and valuable information. Moreover, KOCHAM provides an important venue to promote friendly relations among its members. KOCHAM is also active in the development of “corporate diplomacy” initiatives to build economic cooperation and to further promote closer relations between the general public and the business communities of Korea and the United States. We represent and relay the opinions of the Korean Business community to the U.S. government. We are active in a range of corporate diplomacy initiatives to build greater awareness and goodwill between our members and the U.S. government by promoting friendship and communication among our members and U.S. corporations, as well as local governments and public organizations. Furthermore, we at times request the U.S. government and its agencies to help us overcome any business difficulties that our members may encounter while conducting businesses in the U.S. We provide valuable direct services to our constituents. We have promoted various events such as monthly seminars and business workshops with prominent guest speakers in specialized fields to assist member companies in adapting effectively to the continuously changing business environment in the U.S. We have also provided our member companies with diverse economic information via e-mail and the web. Furthermore, we have continued to host our annual Golf Tournament and Annual KOCHAM Dinner Party to encourage our members, governmental agencies, and media representatives to socialize and network with one another. We contribute resources for Korean-American Community through several means We have also been operating the Weekend Korean School, which is designed to educate the children of our member executives as well as their Korean-American peers. Additionally, we have provided an annual Internship Program for college students of second generation Koreans in the community in order to foster close cooperation within the Korean community. 2016 Annual Review 05 Affiliation KOCHAM welcomes corporations, partnerships, associations and individuals interested in promoting business and trade links between South Korea and the U.S. Regarding KOCHAM’s affiliations, it maintains ongoing relationships with a wide range of business organizations which has a relationship with South Korea. This includes the Korea International Trade Association(KITA), the Korea Trade-Investment Promotion Agency(KOTRA), the U.S. Chamber of Commerce, Korea Society, the U.S.-Korea Business Council, and the American Chamber of Commerce in Korea(AMCHAM). KOCHAM also interacts with local, state, national and international businesses, economic development agencies, private corporations, academics, think-tanks, non-profit and cultural organizations, and the media. We have regional chapters in Michigan, Georgia and Washington. KOCHAM’S Succession of Chairman Term Name Took office Left office 1st Yung Duk Kim (Hyundai Corp., USA) 1992 1994 2nd Yung Duk Kim (Hyundai Corp., USA) 1995 1996 3rd Young Man Kim (Sunkyong America, Inc.) 1997 1998 4th Young Man Kim (Sunkyong America, Inc.) 1999 2000 5th Hong Taek Chung (Anam USA, Inc.) 2001 2002 6th Yeun Ho Suk (Hyosung America, Inc.) 2003 2004 7th Yeun Ho Suk (Hyosung America, Inc.) 2005 2007 8th Young Nam Ma (Daewoo International America Corp.) 2008 2008 9th Myeong Kyu Ahn (LG Electronics North America) 2009 2010 10th Chang Soo Choi (Samsung Electronics America, Inc.) 2010 2011 11th Jong Wan Yoo (POSCO America Corp.) 2011 2012 12th Yang Kyu Kim (Samsung Electronics America, Inc.) 2012 2013 13 th Seok Hwan Yoon (Daewoo International America Corp.) 2013 2014 14th Kiryong Ha (Doosan Heavy Industries America LLC.) 2014 2015 15th Kiryong Ha (Doosan Heavy Industries America LLC.) 2015 2016 16th Won Ki Kim (POSCO America Corp.) 2016 - 06 2016 Annual Review General Assembly Date & Place Major Decision Thursday, May 5th 2016 Palisadium, New Jersey 1) Approval of 2015 KOCHAM Projects *Sign cooperative partnership agreements with traders Election associations within the United States *Establish an external advisor system; increase cooperation Mr. Won Ki Kim (President of POSCO America) was elected as with foreign chambers of commerce the 16th Chairman of KOCHAM by the majority of the *Admit eight(8) new member companies attendees. 15th Chairman of KOCHAM, Mr. Kiryong *Government lobbying for issues relating to Korean-U.S. Ha(President of Doosan Heavy Industries America) was commerce and difficulties faced by member corporations approved as the Honorary Chairman. *Support networking and ventures amongst executives and employees of KOCHAM member corporations returning to New Senior Vice Chairmen were appointed as follows: Korea *Mr. Jae Lin Ko (POSCO Daewoo America Corp.) *Increase business networking and cooperation; expand information services for member corporations Senior Vice Chairmen were appointed for consecutive terms *Host economic/business experts at monthly seminars as follows : *Make efforts toward internal organizational improvements; *Mr. Hyun Chul Kim (Korea International Trade Association support and cooperate with the expatriate community New York Center) *Mr. Joo Wan Cho (LG Electronics U.S.A. Inc.) 2) Approval of 2016 KOCHAM projects *Mr. Jong Suk Lee (Samsung Electronics America, Inc.) *Sign cooperative partnership agreements with traders *Mr. Soo Hee Han (Samsung C&T America, Inc.) associations within the United States *Code of regulations for the KOCHAM secretariat completed New Vice Chairmen were appointed as follows: and published *Mr. Sang Chan Kim (Asiana Airlines) *Host business networking receptions; quarterly invitational *Mr. Soon Jae Hong (Woori Bank New York Agency) lectures hosted by the Board of Directors with VIP speakers *Government lobbying for issues relating to Korean-U.S.
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