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AMCHAM
hosts blockchain forum to discuss bilateral ties in digital finance
The
Korea Times - The American Chamber of Commerce in Korea (AMCHAM) on Wednesday
hosted a seminar to discuss potential cooperation among South Korean and U.S.
companies in the blockchain industry.
The
U.S. business lobby hosted the Blockchain Seminar 2025 in Seoul, inviting
around 70 business officials to exchange visions on South Korea's role in the
global financial market amid the transformation.
Blockchain
platforms allow participants to share and verify transactions or data through a
distributed ledger system, with the decentralized structure making unauthorized
forgeries or alterations extremely difficult.
The
event came amid Washington's recent push to enhance its competitiveness in the
digital assets and blockchain sectors.
During
the event, participants stressed the need for Asia's No. 4 economy to utilize
blockchain technologies to attract foreign direct investment and emerge as a
major financial hub in the region.
"At
this pivotal moment, Korea has a unique opportunity to harness this innovation,
and AMCHAM is proud to serve as a bridge between the United States and Korea in
advancing digital finance and fostering sustainable growth," AMCHAM
Chairman James Kim was quoted as saying by the business lobby.
"With
the right policy environment and stronger collaboration between government and
industry, Korea can attract greater foreign investment, modernize its financial
infrastructure and position itself as Asia's leading hub for digital
finance," Kim added.
