BBCN Bank and Mayor Garcetti Sign MOU for LA Korea Trade
D-bo, Sept. 11, 2014, 8:50 a.m.
BBCN Bank and the Office of Mayor Eric Garcetti, co-hosted a trade symposium, "Los Angeles-South Korea: Globalizing Trade between Leading Economies," at City Hall. The event marked the first of future events between the two entities focused on increasing equitable trade relations between Los Angeles and Korea.
Mayor Eric Garcetti and BBCN Bank President and CEO Kevin S. Kim signed a Memorandum of Understanding ("MOU") agreeing to work together to promote services and loans to small businesses to enhance and increase opportunities for economic development between Los Angeles and Korea. Among other things noted in the MOU, BBCN will partner with the City of Los Angeles on export development programs and seminars, and the Mayor's Office shall support BBCN in expanding its business operations into Korea.
The symposium was attended by more than 100 business owners, community leaders and government representatives. Special presentations and a panel discussion were conducted from leading experts in international trade, government and banking, including: Hyun-Myung Kim, Consul General, Korean Consulate General in Los Angeles; Timothy Reif, General Counsel, US Trade Representative Office; Eugene Seroka, Executive Director, Port of Los Angeles; Dong-Hyun Park, Director General, KOTRA; Gregory Moore, Regional Director, Export Import Bank of the U.S.; Carlos Valderama, SVP Global Initiatives, LA Area Chamber; and, Brian Kim, SVP International Trade Finance, BBCN Bank.