Summary Readout of Deputy Secretary Don Graves Travel to Seoul

Summary Readout of Deputy Secretary Don Graves Travel to Seoul
KCPullen@doc.gov
Fri, 09/22/2023 – 16:54

Export and investment promotion
ICT Supply Chain
Trade enforcement

FOR IMMEDIATE RELEASE

Friday, September 22, 2023

Office of Public Affairs

publicaffairs@doc.gov

Today, Deputy Secretary of Commerce Don Graves concluded his official travel to Seoul, South Korea, where he has been leading a 15-company U.S. Cybersecurity Business Development delegation in a series of meetings with senior Korean government officials and U.S. and Korean private sector and industry association leaders to deepen two-way commerce, trade, and investment while addressing national security threats to both countries.

On Thursday, September 21, Deputy Secretary Graves delivered remarks at the U.S.-Korea Technology Cooperation Forum. While at the Forum he reaffirmed the Department of Commerce’s commitment to deepening the U.S.-South Korea partnership in critical and emerging technologies that will have an outsized impact on their economies.

Additionally, the Deputy Secretary met with senior officials from the South Korean government, including Ministry of Trade, Industry, and Energy (MOTIE) Minister Moon-kyu Bang, MOTIE Trade Minister Dukgeun Ahn, MOTIE First Vice Minister Youngjin Jang, and Ministry of Science and ICT Second Vice Minister Yun Kyu Park. In those meetings, the Deputy Security reaffirmed the Department’s commitment to government-to-government collaboration and engagement with the U.S. and Korean business community – including on semiconductor supply chain resilience, cybersecurity, export control enforcement, successful completion of the Indo-Pacific Economic Framework for Prosperity (IPEF), and follow-up in the Trilateral Summit.

The Deputy Secretary held several meetings with U.S. and South Korean private sector representatives, including a meeting with the American Chamber of Commerce in Korea, a roundtable discussion with Korean clean tech investors in the United States, and a meeting with the Korean Semiconductor Industry Association. In these engagements, the Deputy Secretary heard from American and Korean businesses on issues affecting their respective sectors and ways the Commerce Department can help increase commercial ties through enhanced bilateral and regional cooperation.

On Saturday, September 23, Deputy Secretary Graves and the trade mission delegation will travel to Tokyo, Japan, for the final mission stop.

Bureaus and Offices

International Trade Administration

Leadership

Don Graves

Tags

Indo-Pacific Economic Framework
Export Controls
Cybersecurity

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