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Governor Camacho Opens Guam Buildup Symposium and Business Opportunities Conference

Private sector trade mission to Seoul highlights “storied” link between Guam and Korea

October 20, 2009

(Seoul, South Korea) Governor Felix P. Camacho today shared the accomplishments and contributions made by Korean corporations in his keynote address before the Guam Buildup Symposium and Business Opportunities Conference at the Grand Hyatt Hotel in Seoul, South Korea. Joining the governor at the conference are Simon Sanchez, Consolidated Commission on Utilities chairman; Dave Tydingco, Guam Visitors Bureau chairman; Monte Mesa, Port Authority of Guam chairman; and Frank Campillo, Guam Chamber of Commerce board chairman.

Gov. Camacho told the representatives of 80 of Korea’s elite businesses that the upcoming years will be some of the most exciting times in Guam’s history.

“I believe those of you sitting here today are in the right place at the most opportune time,” said Gov. Camacho. “In the past seven years as governor, I have committed myself and our government to ensuring that our infrastructure, economy, workforce, and public and private sectors are positioned to maximize every opportunity presented.”

Gov. Camacho outlined recent developments to expand the air and sea ports, transportation, and natural resources plans, and efforts to prepare and expand the Guam’s workforce. The 250 attendees also learned about Guam and Korea’s storied link.

“Great Korean corporations helped build our island – like Han Jin Construction, who built the AB Won Pat International Airport – the premiere airport in Micronesia. Hyundai built hundreds of homes in Guam in the boom years of the 1970s and 1990s, and Ssangyong Construction built the Hyatt hotel in our tourist district of Tumon,” said Gov. Camacho. “These and other contributions by Korean corporations were turning points in the expansion of our post-war economy and the revitalization that defines our community today.”

Gov. Camacho remarked that attendees must keep in mind that as expansion on Guam moves forward, it cannot just be for today, but it must be for the future. Gov. Camacho encouraged the Korean businesses to look beyond the upcoming military buildup and plan to be a part of Guam’s bright economic future.

“I hope what I’ve shared will help you consider the possibilities and potential that awaits you in Guam,” said Gov. Camacho.

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