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Meetings with U.S. ambassador and Korean businesses highlight two-day trip
October 18, 2009
Governor Felix P. Camacho departed island this morning to lead a Guam delegation to the Republic of Korea from Oct. 19-20 in an effort to develop new business opportunities and advocate continued investment in tourism for the impending military buildup in Guam.
“Korea’s economy is strongly rebounding from the effects of the global recession,” said Gov. Camacho. “Our goal is to attract potential Korean investors and operators with the opportunities Guam has in light of our current and anticipated economic activity.”
Gov. Camacho is scheduled to attend the Guam Build Up Symposium and Business Opportunity Conference, organized by the Guam Economic Development Authority, on Oct. 20 at the Grand Hyatt Seoul. Conference speakers will include David B. Tydingco, Guam Visitors Bureau board chairman; Monte Mesa, Port Authority of Guam board chairman; Simon Sanchez, Consolidated Commission on Utilities chairman; and Frank J. Campillo, Guam Chamber of Commerce chairman. The speakers will present an overview of Guam’s tourism, military buildup, and port and utilities infrastructure.
“Not only do we hope to spur investment interest for Guam, we want to jumpstart business travel from Korea to Guam as a growing market segment,” said Tydingco.
Additional conference speakers include Kil Koo Yoon, CEO of Younex and past president of the Korea Association of Guam, who will deliver a testimonial about doing business on Guam; Chris Murphy, president of Real Estate Professionals, who will discuss the real estate industry and opportunities in Guam; and consultant economist John Gilliam, who will speak on the opportunities for Guam as a regional center for visa programs.
Gov. Camacho is also scheduled to meet with Kathleen Stephens, U.S. ambassador to South Korea, On Oct. 20 at the 2009 Seoul Air Show reception being held at her residence. Furthermore, Gov. Camacho will have the opportunity to meet with various business representatives and Korean and U.S. officials in attendance at the reception.
Younex Corp., STX Corp., Hanil Construction & Engineering, Samsung Construction & Engineering, Dong Seoul College, SK Construction & Engineering, and Buck San Construction Co. are sponsors of the conference and reception.
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