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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.
COMPANIES DOING BUSINESS IN ARIZONA AND REPUBLIC OF KOREA
AND MANY MORE
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.
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.
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.