Arizona-Republic of Korea

 

Innovative Cross-Border Collaboration

A shared vision for innovation and long-term business prosperity sets the foundation for continued partnership between Arizona and the Republic of Korea. With mutual interest in delivering cutting-edge technology, both nations have established a clear position in the semiconductor and manufacturing sectors. 

Arizona and the Republic of Korea have a strong trade relationship with almost $559 million in exports from Arizona and over $743 million in imports from the Republic of Korea, demonstrating a mutual focus on cross-border economic prosperity.

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COMPANIES DOING BUSINESS IN ARIZONA AND REPUBLIC OF KOREA

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Pro-Business Environment

Arizona has received global recognition as the premier North American hub for high-tech manufacturing sectors, which includes electric vehicles, advanced mobility, battery storage and semiconductor operations.

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Trade

With almost $559 million in exports from Arizona and over $743 million in imports from the Republic of Korea in 2023, Arizona and the Republic of Korea’s growing trade relationship represents a mutual focus on advancing cross-border economic and commercial ties. 

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Strengthening Economic Ties

Arizona Governor Katie Hobbs and Gyeonggi Province Governor Dong Yeon Kim signed a Memorandum of Understanding (MOU). The MOU will further collaborative opportunities and strengthen economic ties between Arizona and Gyeonggi Province, Republic of Korea.

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Connect with our business and trade experts to receive customized service to navigate relocating your business, begin trading with Republic of Korea or take advantage of our collaborative programs.