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American Chamber of Commerce Lunch - Seoul, South Korea 1/6/92 [OA 6095]
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American Chamber of Commerce Lunch - Seoul, South Korea 1/6/92 [OA 6095]
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George H.W. Bush Presidential Records
Collection/Office of Origin:
Speechwriting, White House Office of
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Speech File Draft Files
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OA/ID Number:
13597
Folder ID Number:
13597-005
Folder Title:
American Chamber of Commerce Lunch - Seoul, South Korea 1/6/92 [OA 6095]
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26
17
5
5
42
Jan. 6 / Administration of George Bush, 1992
Admin
In order for Korea to build upon its own
of this National Assembly: Believe me, it is
DMZ,
spectacular growth, it will need a more open
a great honor to return once more to this
people
financial system. I know that American busi-
house, the symbolic center of Korean democ-
calcula
nesses are particularly concerned with re-
racy. As the Speaker said, I first came to this
separat
strictions in the financial system here which
chamber in February of 1989, just 1 month
decade
prevent them from trading and investing in
after taking office, and Barbara and I still
For
the Korean economy. But the bottom line
recall the warm welcome we received then
prayed
is that broader access for foreign financial
from the people of Korea.
For 40
firms is in your best interest; it is in Korea's
And here we are, celebrating our 47th
of one
best interest because a more open economy
wedding anniversary with all you young peo-
us now
will benefit Korean businesses and their cus-
ple. And you make us feel very much at
come \
tomers.
home, and I'm grateful to each and every
struggl
But there's more to it than that. During
one of you. Thank you very much.
I am al
the last 50 years, engagement and free trade
February of '89, that was nearly 3 years
For
have produced peace and prosperity. Here,
ago. In the short time since then, we have
3 years
in Korea it's been remarkable, throughout
seen our world transformed. The epic cold
goal of
the Asia-Pacific region, in Europe, and in-
war struggle between the forces of freedom
ceptab
deed, in the United States. This prosperity
and the Communist world came to an abrupt
This is
has gone hand-in-hand with the growth of
end; with God's mercy, a peaceful end. Gone
Rec
democracy, a fact that illustrates the indivis-
is the Berlin Wall, the Warsaw Pact, not sim-
in easi
ibility of security and political and economic
ply the Soviet empire but even the Soviet
for pea
liberty.
Union itself. Everywhere we see the new
talks a
In the emerging post-cold-war era, eco-
birth of democratic nations, a new world of
search
nomic engagement and expanded markets
freedom bright with the promise of peace
Decen
will ensure prosperity and stability for the
and prosperity.
ment,
people of the world. And that's why we've
During my visits these last few days to Aus-
an agr
come here today. We want to build hope for
tralia, to Singapore, and now to your wonder-
ons fro
a better life for our people. We want to cre-
ful country, Korea, I have stressed that this
The
ate opportunity for all men and women. And
new world of freedom presents us with fresh
critical
we want to leave as our legacy peace for our
and demanding challenges: meeting new re-
North
children. And so, it is in that spirit of hopeful
quirements for global security and stability,
as the
anticipation that I say thank you to all of you.
promoting democracy, and enhancing world
peace
What a great job you have done, and yet what
economic growth and prosperity.
This
tremendous work lies ahead for us all.
Korea, too, is a part, an important part,
of Pres
May God bless your wonderful country.
of this changing world. Indeed, you are at
Repub
May God bless the relationship between our
the center of these challenges. At home your
elimin
countries. And thank you for this opportunity
country is developing its own democratic and
tify the
to speak to such a distinguished group of
free market traditions, and in the world
ons. T
business leaders.
Korea is helping to shape a changing security
of ma
Thank you very, very much.
and geopolitical landscape. Your influence in
meani
world affairs is enhanced by the fact that at
nounc
Note: The President spoke at 1:24 p.m. at
long last Korea is assuming its place as a full
ment
the Hotel Shilla. A tape was not available for
member of the United Nations. Mr. Speaker,
dent I
verification of the content of these remarks.
as President of a nation that fought under
clear \
the U.N. flag to keep Korea free and to estab-
who d
lish the conditions for growth and prosperity,
with t
we share your pride in what you have jus-
has of
Remarks to the Korean National
tifiably achieved.
civiliar
Assembly in Seoul, South Korea
Yes, change transforming our world, a rev-
Unite
January 6, 1992
olution is on our hands. And yet, the cold
At
war continues to cast its shadow over Korea
was °]
Mr. Speaker, Mr. Secretary General, As-
Just 25 miles north of this capital city, the
action
semblyman Park, and distinguished members
Korean Peninsula is still cleaved by that
make
Bush,
1992
Administration of George Bush, 1992 / Jan. 6
41
our
econ-
remain a visible, credible security presence
much to do. The United States is taking steps
tween
our
in the Asia-Pacific area with our forward de-
to boost our own competitiveness in foreign
here
in
ployed forces and through bilateral defense
markets: Improving education, working to
and
serv-
arrangements with our friends.
bring down our budget deficit, and enhanc-
and
more
And let me be clear, maintaining our secu-
ing productivity. We're working overtime to
all
know,
rity presence is not some kind of a charitable
produce quality products at affordable prices,
exercise. Your security and your economic
products that win in the marketplace.
of
one
growth are in our interests because together
And while Korea has made great progress
iccess
sto-
we will thrive in a stable, developing world.
in removing visible trade barriers to foreign
narket
ori-
An unstable Asia does not serve our interests,
business over the last 5 years, doing business
capital
and nor does a poverty-stricken or repres-
in Korea is still more difficult than it should
rate
sion-ridden Asia. We need an Asia-Pacific re-
may
be for such a proud and successful country.
to
some
gion that is free and productive. And our se-
Korea must address fundamental problems
settle
for
curity presence provides a foundation for
that stifle the ability of foreign firms to com-
mutual prosperity and for shared defense.
pete in your great country, problems like
ansformed
Strong, stable security arrangements en-
some certain unjustified standards and regu-
states
able us to meet the second challenge, and
lations, or cumbersome customs procedures,
on
the
that is the call to democracy. The tyranny
delays in scheduled reductions of duties, and
The
gen-
of totalitarianism is dead, and freedom is
these financing restrictions.
knows
that
being born and reborn in nations from Latin
Attitude towards imports must change.
aggres-
America to Eastern Europe to Cambodia and
And while the notion of frugality isn't inher-
by
free
to Mongolia. The Soviet Union as we've
ently bad, import restrictions hurt your own
And
known it has vanished and with it the delu-
consumers and weaken the competitiveness
of
the
sions of communism.
of your firms. And while numerous restric-
to
the
call
The Republic of Korea has stood strong
tions in foreign trade have been lifted, such
new
re-
for democracy, particularly since the momen-
as certain performance requirements and
the
chal-
tous events of 1987. This year, Korea will
sectoral restrictions, we look to Korea to re-
the
sum-
put this renewed faith in democratic institu-
move all nontariff barriers to free trade.
growth
tions to the test in several elections. And I
Free trade has propelled Korea into a posi-
the
world.
am confident that again this year the Korean
tion of economic prominence and leadership.
peace
and
people will demonstrate that freedom's way
And because of this, Korea has a growing
that
weak-
is the way of the future in Asia. Nations
responsibility to lead in strengthening the
with
Sad-
which build their prosperity on the freedom
whole world trade and financial system. The
that
the
of their people know that there is no alter-
General Agreement on Tariffs and Trade,
doubt
the
native.
GATT, can play an especially crucial role in
defend
the
This worldwide movement toward democ-
expanding economic frontiers. On each stop
why,
as
racy leads us to the third challenge that's
of this trip, I've called for urgent action on
States
will
awaiting us, that of promoting economic
behalf of the international trading system.
ationism.
As
growth and building a world of free and open
And I am urging the world's trading nations
the
U.S.
markets.
to join with us in working towards a success-
in
both
Korea and the United States have a tre-
ful conclusion of that all-important Uruguay
emerging
mendous amount at stake in their economic
round with GATT Director Dunkel's pro-
relations. The U.S. is Korea's largest export
posed draft agreement, incidentally, as its
that
market, and Korea is our sixth largest export
basis.
we
with
an
op
market. The business executives, with this
And while every one of us has problems
Now,
wonderful team that we brought out with us
with some portions of that draft, none of us
about
how
today, believe in building stronger economic
can afford to let the progress that it symbol-
and
difficult
ties with you. They stand ready to work side
izes slip through our fingers. The time has
your
Asia-
by side with Korean businessmen. And like
come for a strong collective response. A suc-
such
you, they seek to build even more growth,
cessful conclusion to the Uruguay round will
in
the
opportunity, and stability for our two nations.
pave the way for even greater trade liberal-
of
Amer
In building this world of free enterprise
ization in the coming years, with greater
We
will
and economic growth, we know we have
prosperity for absolutely everyone.
40
Jan. 6 / Administration of George Bush, 1992
Administration
Note: The President's 117th news conference
for Americans. And one way to get our econ-
remain a visible
began at 12:01 p.m. at the Blue House. Presi-
omy growing is to increase trade between our
in the Asia-Paci
dent Roh spoke in Korean, and his remarks
two nations. Opening more markets here in
ployed forces a
were translated by an interpreter. In the
Korea for quality American goods and serv-
arrangements W.
news conference, the following were referred
lices clearly means more exports and more
And let me be
to: President Kim Il-song of North Korea; the
good jobs in America. And as you all know,
rity presence is
Agreement on Reconciliation, Non-Aggres-
that also holds true for Korea as well.
exercise. Your
sion, and Exchanges in Cooperation Between
And so, I've come to the capital of one
growth are in o
the South and the North, signed December
of the world's leading economic success sto-
we will thrive i.
13, 1991; and the Joint Declaration for a
ries, success based on hard work, market ori-
An unstable Asi
Non-Nuclear Korean Peninsula, initialed De-
entation, and access to international capital
and nor does a
cember 31, 1991. A tape was not available
and markets. Your 9-percent growth rate may
sion-ridden Asia
for verification of the content of this news
seem mediocre to you compared to some
gion that is free
conference.
previous years, but back home, I'd settle for
curity presence
that, like that. [Laughter]
mutual prosperi
With a generation, Korea has transformed
Strong, stable
itself from one of the world's poorest states
able us to mee
Remarks at the U.S. Chamber of
into the world's 13th largest economy, on the
that is the call
Commerce Luncheon in Seoul, South
cutting edge of high-tech growth. The gen-
of totalitarianis
Korea
eration that created that success knows that
being born and
January 6, 1992
enduring security comes not through aggres-
America to East
sion but through hard work and effort by free
to Mongolia.
Thank you. Please be seated. Well, thank
people working through free markets. And
known it has V:
you all very much, and good afternoon. And
if we are to secure the opportunities of the
sions of commu
let me first say thank you to our master of
post-cold-war era, we must rise to the call
The Republi
ceremonies, my old friend and our very able
of three daunting demands: The new re-
for democracy,
Ambassador here, Don Gregg. Thank you for
quirements of peace and security; the chal-
tous events of
that introduction.
lenge of fostering democracy; and the sum-
put this renewe
And I'd like to also acknowledge Minister
mons to generating greater economic growth
tions to the te.
Han Pong Su, the Minister of Trade, and of
and prosperity for the peoples of the world.
am confident t]
course our able Secretary of Commerce, Bob
First, the challenge of ensuring peace and
people will der
Mosbacher. He is heading up, as I think ev-
security. The world has learned that weak-
is the way of
eryone here knows, our delegation of top
ness tempts the warlike. We saw, with Sad-
which build th
American business leaders as they come here
dam Hussein's naked aggression, that the
of their people
to explore new opportunities for American
misery of war results when tyrants doubt the
native.
goods and services, not just here but all
commitment of the powerful to defend the
This worldwi
around the world.
security of the powerless. And that's why, as
racy leads us
I also want to single out and thank our
long as I'm President, the United States will
awaiting us, t.
hosts, Don Myers of the AmCham and Kim
remain absolutely opposed to isolationism. As
growth and bui
Sang Ha of the Korean Chamber of Com-
a nation straddling two great oceans, the U.S.
markets.
merce, for bringing together some of the top
remains committed to engagement in both
Korea and t
business leaders from both countries this
the Atlantic community and the emerging
mendous amot
afternoon. This American Chamber of Com-
community of the Asia-Pacific region.
relations. The
merce in Seoul is leading the way toward free
The emerging post-cold-war era that we
market, and K
and open trade throughout Asia. And it's
face presents the United States with an op-
market. The }
playing what I am told is a vital role in ex-
portunity to restructure its defenses. Now,
wonderful tean
panding business ties between the United
I know there's been some concern about how
today, believe i
States and Korea, ties which are growing into
we'll proceed with that complex and difficult
ties with you.
a true economic partnership.
task. But let me assure you and your Asia-
by side with K
Let me begin by telling you why I'm here.
Pacific neighbors that our restructuring, such
you, they seek
As you might expect, with tough times at
as the closing of bases in Subic there in the
opportunity, ar
home in the United States, my highest prior-
Philippines, does not mean the end of Amer-
In building
ity is stimulating economic growth and jobs
ican engagement in the Pacific area. We will
and economic
THE WHITE HOUSE
WASHINGTON
December 19, 1991
MEMORANDUM FOR THE PRESIDENT
THROUGH:
DAVE DEMAREST
TONY SNOW
FROM:
MARY KATE GRANT mkg
SUBJECT:
PROPOSED REMARKS FOR THE AMERICAN CHAMBER OF
COMMERCE LUNCH, SEOUL, KOREA
I. SUMMARY
On Monday, January 6, 1992 at 11:55 a.m. you will deliver
remarks to an audience of 800 at the American Chamber of Commerce
lunch in Seoul, Korea. Secretary Robert Mosbacher, members of
the American business delegation, and American and Korean
corporate executives will be in the audience.
II. DISCUSSION
Your remarks (approximately 6 minutes / teleprompter) focus
on Korea's world economic success based on market orientation and
access to international capital and markets, and challenge the
Korean government to take steps to remove barriers to
competition.
Grant / Bunton
A:KOREA.BUS Draft three
December 20, 1991
PRESIDENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE LUNCH
SEOUL, KOREA
MONDAY, JANUARY 6, 1991
[Acknowledgements]
First of all, I'd like to thank our hosts, the American and
Korean Chambers of Commerce, for bringing together some of the
top business leaders from both countries this afternoon. The
American Chamber of Commerce here in Seoul is leading the way
toward free and open trade throughout Asia, and is playing a
vital role in expanding business ties between the United States
and Korea -- ties which are growing into a true economic
partnership.
Before I begin, let me tell you why I'm here. My highest
priority is jobs and economic growth for Americans. One way to
get our economy growing is to open markets here in Korea for
quality American goods and services. As you all know, more
exports means more jobs.
And so I've come to the capital of one of the world's top
economic success stories -- success based on hard work, market
orientation, and access to international capital and markets.
Korea has transformed itself from one of the world's poorest
states into the world's 13th largest economy -- on the cutting
edge of high-tech growth --- all in the span of a single
generation.
2
That new generation knows that enduring security comes not
through aggression, but through shared values -- free people and
free markets. In the emerging post-Cold War era, economic
engagement and expanded markets will ensure prosperity and
stability for the people of the world.
Korea and the United States have a tremendous amount at
stake in their economic relations -- the U.S. is Korea's largest
export market, and Korea is our sixth largest export market.
With me today are nearly two dozen executives representing
American business. These business leaders believe in strong
economic relations with Korea, and they stand ready to work side
by side with Korean businessmen. Like you, they seek to build
even more growth, opportunity and stability for our two nations.
For our part, we are taking steps to boost our
competitiveness in foreign markets -- improving education,
cutting the budget deficit, and enhancing productivity, to name a
few. We're working overtime to produce quality products, at
affordable prices, that win in the marketplace.
And while Korea has made great progress in removing visible
trade barriers to foreign business over the last five years,
doing business in Korea is still more difficult than it should be
for such a proud and successful country. Korea must address
fundamental problems that stifle the ability of foreign firms to
compete in Korea -- problems like certain unjustified standards
and regulations, customs procedures, delays in scheduled
reductions of duties, and financing restrictions. Attitudes
3
towards imports must change -- while frugality isn't bad, import
restrictions hurt your own consumers the most. And while
numerous restrictions on foreign trade have been lifted -- such
as certain performance requirements and sectoral restrictions --
we will expect the Korean government to continue removing
barriers to trade and investment.
Free trade has propelled Korea into a position of economic
prominence and leadership. Because of this, Korea has a growing
responsibility to lead in the strengthening of the world trade
and financial system. Korea's largest contribution could be
this: to take actions to successfully conclude the Uruguay Round.
We are seeking solid results that open markets and build a basis
for further liberalization in agriculture, market access,
services, intellectual property and finance. I urge the
government of Korea to act quickly and decisively.
Let me say a word about finance. Korea will need a more
open financial system if it wants to build upon its spectacular
growth. I know that American businesses are particularly
concerned with restrictions in the financial system here which
prevent them from trading and investing in the Korean economy.
But the bottom line is that broader access for foreign financial
firms is in Korea's best interest -- because a more open economy
will benefit Korean businesses and their customers.
It is in their name -- the employees, the customers, the
buyers and sellers of our two nations --- that we seek stronger
economic ties. We want to build hope for a better life for our
4
people; we want to create opportunity for all men and women; and
we want to leave as our legacy peace for our children. So it is
in that spirit of anticipation that I say thank you to all of
you. What a great job you have done, and what tremendous work
lies ahead for us all.
God bless you and thank you.
# # #
WHITE HOUSE STAFFING MEMORANDUM
DATE: 1/3/92
91 DEC 3 All: 04
ACTION/CONCURRENCE/COMMENT DUE BY:
SUBJECT: PRESIDENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE, SEOUL
ACTION FYI
ACTION FYI
-
VICE PRESIDENT
HORNER
-
SKINNER
-
MCCLURE
-
SCOWCROFT
—
PETERSMEYER
DARMAN
1
PORTER
BRADY
ROGICH
BROMLEY
SMITH
CARD
PORTER ROSE
DEMAREST
FINDLAY
SNOW
FITZWATER
GRAY
HOLIDAY
REMARKS:
The attached has been forwarded to the President.
RESPONSE:
PHILLIP D. BRADY
Assistant to the President
and Staff Secretary
Ext. 2702
FRI K3 JHN 92 05:00
PG.01
02 JAN 3 A9: 00
THE WHITE HOUSE
WASHINGTON
December 19, 1991
MEMORANDUM FOR THE PRESIDENT
THROUGH:
DAVE DEMAREST
TONY SNOW
FROM:
MARY KATE GRANTMKG mkg
SUBJECT:
PROPOSED REMARKS FOR THE AMERICAN CHAMBER OF
COMMERCE LUNCH, SEOUL, KOREA
I, SUMMARY
on Monday, January 6, 1992 at 11:55 a.m. you will deliver
remarks to an audience of 800 at the American Chamber of Commerce
lunch in Seoul, Korea. Secretary Robert Mosbacher, members of
the American business delegation, and American and Korean
corporate executives will be in the audience.
II. DISCUSSION
Your remarks (approximately 6 minutes / teleprompter) focus
on Korea's world economic success based on market orientation and
access to international capital and markets, and challenge the
Korean government to take steps to remove barriers to
competition.
Grant / Bunton
A:KOREA.BUS Draft three
December 20, 1991
PRESIDENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE LUNCH
SEOUL, KOREA
MONDAY, JANUARY 6, 1991
[Acknowledgements)
First of all, I'd like to thank our hosts, the American and
Korean Chambers of Commerce, for bringing together some of the
top business leaders from both countries this afternoon. The
American Chamber of Commerce here in Seoul is leading the way
toward free and open trade throughout Asia, and is playing a
vital role in expanding business ties between the United States
and Korea -- ties which are growing into a true economic
partnership.
Before I begin, let me tell you why I'm here. My highest
priority is jobs and economic growth for Americans. One way to
get our economy growing is to open markets here in Korea for
quality American goods and services. As you all know, more
exports means more jobs.
And so I've come to the capital of one of the world's top
economic success stories -- success based on hard work, market
orientation, and access to international capital and markets.
Korea has transformed itself from one of the world's poorest
states into the world's 13th largest economy -- on the cutting
edge of high-tech growth -- all in the span of a single
generation.
CANBERRA AUSTRALIA
FRI 03 JAN 92 05:50
PG.23
AIR FORCE ONE
FRI 03 JAN 92 05:01
PG.02
2
That new generation knows that enduring security comes not
through aggression, but through shared values -- free people and
free markets. In the emerging post-Cold War era, economic
engagement and expanded markets will ensure prosperity and
stability for the people of the world.
Korea and the United States have a tremendous amount at
stake in their economic relations -- the U.S. is Korea's largest
export market, and Korea is our sixth largest export market.
With me today are nearly two dozen executives representing
American business. These business leaders believe in strong
economic relations with Korea, and they stand ready to work side
by side with Korean businessmen. Like you, they seek to build
even more growth, opportunity and stability for our two nations.
For our part, we are taking steps to boost our
competitiveness in foreign markets -- improving education,
cutting the budget deficit, and enhancing productivity, to name a
few. We're working overtime 1:0 produce quality products, at
affordable prices, that win in the marketplace.
And while Korea has made great progress in removing visible
trade barriers to foreign business over the last five years,
doing business in Korea is still more difficult than it should be
for such a proud and successful country. Korea must address
fundamental problems that stifle the ability of foreign firms to
compete in Korea -- problems like certain unjustified standards
and regulations, customs procedures, delays in scheduled
reductions of duties, and financing restrictions. Attitudes
3
towards imports must change -- while frugality isn't bad, import
restrictions hurt your own consumers the most. And while
numerous restrictions on foreign trade have been lifted -- such
as certain performance requirements and sectoral restrictions --
we will expect the Korean government to continue removing
barriers to trade and investment.
Free trade has propelled Forea into a position of economic
prominence and leadership. Because of this, Korea has a growing
responsibility to lead in the strengthening of the world trade
and financial system. Korea's largest contribution could be
this: to take actions to successfully conclude the Uruguay Round.
We are seeking solid results that open markets and build a basis
for further liberalization in agriculture, market access,
services, intellectual property and finance. I urge the
government of Korea to act quickly and decisively.
Let me say a word about finance. Korea will need a more
open financial system if it wants to build upon its spectacular
growth. I know that American businesses are particularly
concerned with restrictions in the financial system here which
prevent them from trading and investing in the Korean economy.
But the bottom line is that broader access for foreign financial
firms is in Korea's best interest -- because a more open economy
will benefit Korean businesses and their customers.
It is in their name -- the employees, the customers, the
buyers and sellers of our two nations -- that we seek stronger
economic ties. We want to build hope for a better life for our
4
people; we want to create opportunity for all men and women; and
we want to leave as our legacy peace for our children. so it is
in that spirit of anticipation that I say thank you to all of
you. What a great job you have done, and what tremendous work
lies ahead for us all.
God bless you and thank you.
" # #
Document No. 294040ss 9259
WHITE HOUSE STAFFING MEMORANDUM
DATE: 12/18/91
ACTION/CONCURRENCE/COMMENT DUE BY: FRIDAY, 12/20/91 10:00 am
PRESIDENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA - MONDAY, 1/6/92
SUBJECT:
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SKINNER
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
BOSKIN
CARD
FINDLAY
DEMAREST
SNOW
FITZWATER
GRAY
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122, x2930,
no later than 10:00 a.m., FRIDAY, DECEMBER 20, with a copy to this
office. Thank you.
RESPONSE:
December 20, 1991
NSC concurs with changes as noted.
PHILLIP D. BRADY
Brent Scowcroft
Assistant to the President
and Staff Secretary
Ext. 2702
CC: Phillip Brady
Grant / Bunton
A:KOREA.BUS Draft two
Il RECIBENTIAL 38
December 18, 1991
REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA
MONDAY, JANUARY 6, 1991
LUNCH
8 A.M.
[CONSECUTIVE TRANSLATION?]
and
the
Korean
[Acknowledgements]
First of all, I'd like to thank our hosts, the American
+America's
Chamber of Commerce, for bringing together some of Korea's top
business leaders this afternoon morning. The American Chamber of Commerce and -
here in Seoul is leading the way toward free and open trade
throughout Southeast Asia, and is playing a vital role in
expanding business ties between the United States and Korea --
ties which are growing into a true economic partnership.
I'm happy to be here today, in the capital of one of the
world's top economic success stories -- success based on hard
work, market orientation, and access to international capital and
markets. Korea has transformed itself from one of the world's
poorest states into the world's 13th largest economy -- on the
cutting edge of high-tech growth -- all in the span of a single
generation.
That new generation knows that enduring security comes not
through aggression, but through shared values -- free people and
free markets. In the emerging post-Cold War era, economic
engagement and expanded markets will ensure prosperity and
stability for the people of the world.
2
Korea and the United States have a tremendous amount at
stake in their economic relations -- the U.S. is Korea's largest
export market, and Korea is our seventh largest export market.
With me today are ( (number) executives from major American
businesses ( (names) These business leaders believe in strong
economic relations with Korea, and they stand ready to work side
by side with Korean businessmen. Like you, they seek to build
even more growth, opportunity and stability for our two nations.
cite
La very direct
bluent
actual
And while Korea has made great progress in removing visible
for koreard cars.
things us
trade barriers to foreign business over the last five years,
to
more
than it should be for such a proud and
is
doing
doing business in Korea is still difficult. Korea must address successful
be
more
fundamental problems that stifle the ability of foreign firms to country.
renot
competitive. repeat
compete in Korea -- problems like certain unnecessary standards
delays in scheduled reductions of drities,
and regulations, customs procedures, and financing restrictions.
And while numerous restrictions on foreign investment have been
andrew to this
?
lifted -- such as certain performance requirements and imports of
Edul dryslete budget
some agricultural products -- we will continue to look for ways
to work with the Korean government to continue removing barriers
to investment.
Free trade has propelled Korea into a position of economic
prominence and leadership. Because of this, Korea has a special
growing
responsibility to lead in the strengthening of the world trade
and financial system. Korea's largest contribution could be
this: to take actions to successfully conclude the Uruguay Round.
We are seeking solid results that open markets and build a basis
for further liberalization in agriculture, market access,
3
services, intellectual property and finance. I urge the
government of Korea to act quickly and decisively.
Let me say a word about finance. Korea will need a more
open financial system if it wants to build upon its spectacular
growth. I know that American businesses are particularly
concerned with restrictions in the financial system here which
prevent them from trading and investing in the Korean economy.
But the bottom line is that broader access for foreign financial
firms is in Korea's best interest -- because a more open economy
will benefit Korean businesses and their customers.
It is in their name -- the employees, the customers, the
buyers and sellers of our two nations -- that we seek stronger
economic ties. We want to build hope for a better life for our
people; we want to create opportunity for all men and women; and
we want to leave as our legacy peace for our children. So it is
in that spirit of anticipation that I say thank you to all of
you. What a great job you have done, and what tremendous work
lies ahead for us all.
God bless you and thank you.
# # #
Document No. 24414.USS
WHITE HOUSE STAFFING MEMORANDUM
91 DEC 20 A10:13
DATE: 12/18/91
ACTION/CONCURRENCE/COMMENT DUE BY: FRIDAY, 12/20/91 10:00a
PRESIDENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA - MONDAY, 1/6/92
SUBJECT:
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SKINNER
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
BOSKIN
CARD
FINDLAY
DEMAREST
SNOW
FITZWATER
GRAY
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122, x2930,
no later than 10:00 a.m., FRIDAY, DECEMBER 20, with a copy to this
office. Thank you.
RESPONSE:
NSC concurs with changes as noted.
PHILLIP D. BRADY
Brent Scowcroft
Assistant to the President
and Staff Secretary
Ext. 2702
CC: Phillip Brady
Grant / Bunton
A:KOREA.BUS Draft two
18
P4:
38
December 18, 1991
91 REESIDENTIAL DEC REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA
MONDAY, JANUARY 6, 1991
lunch
8 A.M.
[CONSECUTIVE TRANSLATION?]
[Acknowledgements]
and the Korean
First of all, I'd like to thank our hosts, the American
America's
Chamber of Commerce, for bringing together some of Korea's top
business leaders this afternoon morning. The American Chamber of Commerce and
here in Seoul is leading the way toward free and open trade
throughout Southeast Asia, and is playing a vital role in
expanding business ties between the United States and Korea --
ties which are growing into a true economic partnership.
I'm happy to be here today, in the capital of one of the
world's top economic success stories -- success based on hard
work, market orientation, and access to international capital and
markets. Korea has transformed itself from one of the world's
poorest states into the world's 13th largest economy -- on the
cutting edge of high-tech growth -- all in the span of a single
generation.
That new generation knows that enduring security comes not
through aggression, but through shared values -- free people and
free markets. In the emerging post-Cold War era, economic
engagement and expanded markets will ensure prosperity and
stability for the people of the world.
2
Korea and the United States have a tremendous amount at
stake in their economic relations -- the U.S. is Korea's largest
export market, and Korea is our seventh largest export market.
With me today are ((number)) executives from major American
businesses ( (names) These business leaders believe in strong
economic relations with Korea, and they stand ready to work side
by side with Korean businessmen. Like you, they seek to build
very
even more growth, opportunity and stability for our two nations.
cite
La
I d we
blu
actual
And while Korea has made great progress in removing visible
us
for kove Cart
things
trade barriers to foreign business over the last five years,
to
move
than it should be for such a fround are
is
doing
doing business in Korea is still difficult. Korea must address successful
congetitive. be more
fundamental problems that stifle the ability of foreign firms to county
compete in Korea -- problems like certain unnecessary standards
renot
Imbn
delays in scheduled reductions of dutes,
and regulations, customs procedures, and financing restrictions.
And while numerous restrictions on foreign investment have been
andrines to This
?
lifted -- such as certain performance requirements and imports of
druglete Educl budget lete
some agricultural products -- we will continue to look for ways
to work with the Korean government to continue removing barriers
to investment.
Free trade has propelled Korea into a position of economic
prominence and leadership. Because of this, Korea has a special growing
responsibility to lead in the strengthening of the world trade
and financial system. Korea's largest contribution could be
this: to take actions to successfully conclude the Uruguay Round.
We are seeking solid results that open markets and build a basis
for further liberalization in agriculture, market access,
3
services, intellectual property and finance. I urge the
government of Korea to act quickly and decisively.
Let me say a word about finance. Korea will need a more
open financial system if it wants to build upon its spectacular
growth. I know that American businesses are particularly
concerned with restrictions in the financial system here which
prevent them from trading and investing in the Korean economy.
But the bottom line is that broader access for foreign financial
firms is in Korea's best interest -- because a more open economy
will benefit Korean businesses and their customers.
It is in their name -- the employees, the customers, the
buyers and sellers of our two nations -- that we seek stronger
economic ties. We want to build hope for a better life for our
people; we want to create opportunity for all men and women; and
we want to leave as our legacy peace for our children. So it is
in that spirit of anticipation that I say thank you to all of
you. What a great job you have done, and what tremendous work
lies ahead for us all.
God bless you and thank you.
# # #
NATIONAL SECURITY.COUNCIL
TIMESTAMP
SECREPARIAN STATEMENT NG.DOCUMENT
CO
l
SYSTEM LOG NUMBER: 9259
ACTION OFFICER: 56
DUE: 8.00am Fri
Prepare Memo For Scowcroft/Howe
Appropriate Action 20.Dec
Prepare Memo For Brady
Prepare Memo For Sittmann
Prepare Memo Scowcroft
to
Snow w/ec Brady
CONCURRENCES/COMMENTS
PHONE* to action officer at ext.
5746
Concur FYI
Concur al FYI
Concur FYI
Andricos
Hutchings
X
Popadluk
Barth
Jones
Pryce
Beers
Kansteiner
Rademaker
Burns
Lampley
Riedel
Canas
Lowenkron
X
Rostow
Carney
McNamara
Stettner
%
Chellis
NY
McShane
Tilley
Davis
Melby
Tobey
Deal
Menan
Van Eron
Dyke
X
Morley
Waguespack
Fry
Needles
*Wayne
En
Gordon
9,
O'Leary
Whitley
Gompert
Paal
Working
Haass
X
Patterson
Y.
Holl
Pavitt
Hewett
-
Pilling
and
Hull
Poneman
INFORMATION
Sittmann
Hill
Exec Sec Desk
Scowcroft (advance)
15
Howe (advance)
Secretariat
COMMENTS
Document No. 294060ss
WHITE HOUSE STAFFING MEMORANDUM
DATE: 12/18/91
ACTION/CONCURRENCE/COMMENT DUE BY: FRIDAY, 12/20/91 10:00 am
PRESIDENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA - MONDAY, 1/6/92
SUBJECT:
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SKINNER
MCCLURE N/L
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
BOSKIN
CARD
FINDLAY
DEMAREST
SNOW
FITZWATER
GRAY N/C
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122, x2930,
no later than 10:00 a.m., FRIDAY, DECEMBER 20, with a copy to this
office. Thank you.
RESPONSE:
-
MASTER-
PHILLIP D. BRADY
Assistant to the President
and Staff Secretary
Ext. 2702
Grant / Bunton
A:KOREA.BUS Draft two
01 RECIBENTIAL 38
December 18, 1991
REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA
Lunch
MONDAY, JANUARY 6, 1991
8 A.M.
[CONSECUTIVE TRANSLATION?]
and the Korean
[Acknowledgements)]
(NSC)
First of all, I'd like to thank our hosts, the American
+America's
Chamber of Commerce, for bringing together some of Korea's top
business leaders this morning. The American Chamber of Commerce and
aftersoon. (NSC)
(NSC)
here in Seoul (Commerce) is leading the way toward free and open trade
throughout Southeast Asia, and is playing a vital role in
expanding business ties between the United States and Korea --
ties which are growing into a true economic partnership.
I'm happy to be here today, in the capital of one of the
world's top economic success stories -- success based on hard
work, market orientation, and access to international capital and
markets. Korea has transformed itself from one of the world's
poorest states into the world's 13th largest economy -- on the
cutting edge of high-tech growth -- all in the span of a single
generation.
That new generation knows that enduring security comes not
through aggression, but through shared values -- free people and
free markets. In the emerging post-Cold War era, economic
engagement and expanded markets will ensure prosperity and
stability for the people of the world.
Reference: to Business
2
Korea and the United States have a tremendous amount at
stake in their economic relations -- the U.S. is Korea's largest
Sixth
export market, and Korea is our seventh largest export market.
commerce)
With me today are ( (number) ) executives representing from major American
sector
business (names) )
These business leaders believe in strong
economic relations with Korea, and they stand ready to work side
by side with Korean businessmen. Like you, they seek to build
actual u.s.>
even more growth, opportunity and stability for our two nations.
cite things doing to
And while Korea has made great progress in removing visible
trade barriers to foreign business over the last five years,
is more
doing business in Korea is still more difficult. Korea must address proud
than it should be for such a
4
fundamental problems that stifle the ability of foreign firms to Successful country.
must
compete in Korea -- problems like certain unnecessary standards (NSC)
this
delays in scheduled reductions of duties, (NSC)
the
and regulations, customs procedures, and financing restrictions.
Attitudes toward imports must change -- - - while frugality isn't bad
Edual
And while numerous restrictions on foreign investment have been imports
lifted -- such as certain performance requirements (NSC) and imports of harm
restriction
Budget
sectoral restrictions (Commerce)
Karean
drug/
some agricultural products -- we will continue to look for ways consumers
etc.
to work with the Korean government to continue removing barriers (Connexi
(NSC)
to investment.
Free trade has propelled Korea into a position of economic
quawnq.(NSC)
prominence and leadership. Because of this, Korea has a special
responsibility to lead in the strengthening of the world trade
an and financial system. Korea's largest contribution could be
include eagich or
this: to take actions to successfully conclude the Uruguay Round.
We are seeking solid results that open markets and build a basis
for further liberalization in agriculture, market access,
3
services, intellectual property and finance. I urge the
government of Korea to act quickly and decisively.
Let me say a word about finance. Korea will need a more
open financial system if it wants to build upon its spectacular
growth. I know that American businesses are particularly
concerned with restrictions in the financial system here which
prevent them from trading and investing in the Korean economy.
But the bottom line is that broader access for foreign financial
firms is in Korea's best interest -- because a more open economy
will benefit Korean businesses and their customers.
It is in their name -- the employees, the customers, the
buyers and sellers of our two nations -- that we seek stronger
economic ties. We want to build hope for a better life for our
people; we want to create opportunity for all men and women; and
we want to leave as our legacy peace for our children. So it is
in that spirit of anticipation that I say thank you to all of
you. What a great job you have done, and what tremendous work
lies ahead for us all.
God bless you and thank you.
# # #
Document No. 294060ss
WHITE HOUSE STAFFING MEMORANDUM
12/18/91
ACTION/CONCURRENCE/COMMENT DUE BY: FRIDAY, 12/20/91 10:00am
PRESIDENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA - MONDAY, 1/6/92
JUBJECT
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SKINNER
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
CARD
BOSKIN
DEMAREST
FINDLAY
FITZWATER
SNOW
GRAY
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122, x2930,
office. Thank you.
no later than 10:00 a.m., FRIDAY, DECEMBER 20, with a copy to this
RESPONSE:
Cabinet Affairs
supplement.
PHILLIP D. BRADY
Assistant to the President
and Staff Secretary
Ext. 2702
2
Korea and the United States have a tremendous amount at
stake in their economic relations -- the U.S. is Korea's largest
export market, and Korea is our seventh largest export market.
With me today are ( (number)) executives from major American
businesses ((names)) These business leaders believe in strong
economic relations with Korea, and they stand ready to work side
by side with Korean businessmen. Like you, they seek to build
even more growth, opportunity and stability for our two nations.
And while Korea has made great progress in removing visible
trade barriers to foreign business over the last five years,
doing business in Korea is still difficult. Korea must address
fundamental problems that stifle the ability of foreign firms to
unjustified
compete in Korea -- problems like certain unnecessary standards
and regulations, customs procedures, and financing restrictions.
And while numerous restrictions on foreign investment have been
lifted -- such as certain performance requirements and imports of
some agricultural products -- we will expect continue to look for ways
to work with the Korean government to continue removing barriers
to inves thent
trade a und vivestment
Free trade has propelled Korea into a position of economic
prominence and leadership. Because of this, Korea has a special
responsibility to lead in the strengthening of the world trade
and financial system. Korea's largest contribution could be
this: to take actions to successfully conclude the Uruguay Round.
We are seeking solid results that open markets and build a basis
for further liberalization in agriculture, market access,
Document No. 294060ss
WHITE HOUSE STAFFING MEMORANDUM
DEC 20 All : 34
DATE: 12/18/91
ACTION/CONCURRENCE/COMMENT DUE BY: FRIDAY, 12/20/91 10:00 am
PRESIDENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA - MONDAY, 1/6/92
SUBJECT:
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SKINNER
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
BOSKIN
CARD
DEMAREST
FINDLAY
SNOW
FITZWATER
GRAY
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122, x2930,
no later than 10:00 a.m., FRIDAY, DECEMBER 20, with a copy to this
office. Thank you.
RESPONSE:
again A'd argree that we repent dur
economic themes- why we an on
PHILLIP D. BRADY
Assistant to the President
and Staff Secretary
this mission, what Ne expect-
Ext. 2702
Grant / Bunton
A:KOREA.BUS Draft two
38
December 18, 1991
31 DECIBENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA
MONDAY, JANUARY 6, 1991
8 A.M.
[CONSECUTIVE TRANSLATION?]
[Acknowledgements]
First of all, I'd like to thank our hosts, the American
Chamber of Commerce, for bringing together some of Korea's top
business leaders this morning. The American Chamber of Commerce
here in Seoul is leading the way toward free and open trade
throughout Southeast Asia, and is playing a vital role in
expanding business ties between the United States and Korea --
ties which are growing into a true economic partnership.
I'm happy to be here today, in the capital of one of the
world's top economic success stories -- success based on hard
work, market orientation, and access to international capital and
markets. Korea has transformed itself from one of the world's
poorest states into the world's 13th largest economy -- on the
cutting edge of high-tech growth -- all in the span of a single
generation.
That new generation knows that enduring security comes not
through aggression, but through shared values -- free people and
free markets. In the emerging post-Cold War era, economic
engagement and expanded markets will ensure prosperity and
stability for the people of the world.
2
Korea and the United States have a tremendous amount at
stake in their economic relations -- the U.S. is Korea's largest
export market, and Korea is our seventh largest export market.
With me today are ((number)) executives from major American
businesses ((names)) These business leaders believe in strong
economic relations with Korea, and they stand ready to work side
by side with Korean businessmen. Like you, they seek to build
even more growth, opportunity and stability for our two nations.
And while Korea has made great progress in removing visible
trade barriers to foreign business over the last five years,
doing business in Korea is still difficult. Korea must address
fundamental problems that stifle the ability of foreign firms to
compete in Korea -- problems like certain unnecessary standards
and regulations, customs procedures, and financing restrictions.
And while numerous restrictions on foreign investment have been
lifted -- such as certain performance requirements and imports of
some agricultural products -- we will continue to look for ways
to work with the Korean government to continue removing barriers
to investment.
Free trade has propelled Korea into a position of economic
prominence and leadership. Because of this, Korea has a special
responsibility to lead in the strengthening of the world trade
and financial system. Korea's largest contribution could be
this: to take actions to successfully conclude the Uruguay Round.
We are seeking solid results that open markets and build a basis
for further liberalization in agriculture, market access,
3
services, intellectual property and finance. I urge the
government of Korea to act quickly and decisively.
Let me say a word about finance. Korea will need a more
open financial system if it wants to build upon its spectacular
growth. I know that American businesses are particularly
concerned with restrictions in the financial system here which
prevent them from trading and investing in the Korean economy.
But the bottom line is that broader access for foreign financial
firms is in Korea's best interest -- because a more open economy
will benefit Korean businesses and their customers.
It is in their name -- the employees, the customers, the
buyers and sellers of our two nations -- that we seek stronger
economic ties.' We want to build hope for a better life for our
people; we want to create opportunity for all men and women; and
we want to leave as our legacy peace for our children. So it is
in that spirit of anticipation that I say thank you to all of
you. What a great job you have done, and what tremendous work
lies ahead for us all.
God bless you and thank you.
# # #
THE WHITE HOUSE
91 DEC 20 P4:12
WASHINGTON
December 20, 1991
MEMORANDUM FOR TONY SNOW
FROM:
ROGER B. PORTER RBP
SUBJECT:
Presidential Remarks: American Chamber of
Commerce Breakfast
We have reviewed the attached draft and have no suggested
changes from a policy standpoint. We approve of the draft
remarks in their current form.
CC: Phillip D. Brady
Document No. 294060ss
STEVE
WHITE HOUSE STAFFING MEMORANDUM
DATE: 12/18/91
ACTION/CONCURRENCE/COMMENT DUE BY: FRIDAY, 12/20/91 10:00 am
PRESIDENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA - MONDAY, 1/6/92
SUBJECT:
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SKINNER
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
BOSKIN
CARD
FINDLAY
DEMAREST
SNOW
FITZWATER
GRAY
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122, x2930,
no later than 10:00 a.m., FRIDAY, DECEMBER 20, with a copy to this
office. Thank you.
RESPONSE:
PHILLIP D. BRADY
Assistant to the President
and Staff Secretary
Ext. 2702
Grant / Bunton
A:KOREA.BUS Draft two
38
December 18, 1991
18
P4:
REESIDENTIAL DEC REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA
MONDAY, JANUARY 6, 1991
8 A.M.
[CONSECUTIVE TRANSLATION?]
[Acknowledgements]
First of all, I'd like to thank our hosts, the American
Chamber of Commerce, for bringing together some of Korea's top
business leaders this morning. The American Chamber of Commerce
here in Seoul is leading the way toward free and open trade
throughout Southeast Asia, and is playing a vital role in
expanding business ties between the United States and Korea --
ties which are growing into a true economic partnership.
I'm happy to be here today, in the capital of one of the
world's top economic success stories -- success based on hard
work, market orientation, and access to international capital and
markets. Korea has transformed itself from one of the world's
poorest states into the world's 13th largest economy -- on the
cutting edge of high-tech growth -- all in the span of a single
generation.
That new generation knows that enduring security comes not
through aggression, but through shared values -- free people and
free markets. In the emerging post-Cold War era, economic
engagement and expanded markets will ensure prosperity and
stability for the people of the world.
2
Korea and the United States have a tremendous amount at
stake in their economic relations -- the U.S. is Korea's largest
export market, and Korea is our seventh largest export market.
With me today are ((number)) executives from major American
businesses ((names)) These business leaders believe in strong
economic relations with Korea, and they stand ready to work side
by side with Korean businessmen. Like you, they seek to build
even more growth, opportunity and stability for our two nations.
And while Korea has made great progress in removing visible
trade barriers to foreign business over the last five years,
doing business in Korea is still difficult. Korea must address
fundamental problems that stifle the ability of foreign firms to
compete in Korea -- problems like certain unnecessary standards
and regulations, customs procedures, and financing restrictions.
And while numerous restrictions on foreign investment have been
lifted -- such as certain performance requirements and imports of
some agricultural products -- we will continue to look for ways
to work with the Korean government to continue removing barriers
to investment.
Free trade has propelled Korea into a position of economic
prominence and leadership. Because of this, Korea has a special
responsibility to lead in the strengthening of the world trade
and financial system. Korea's largest contribution could be
this: to take actions to successfully conclude the Uruguay Round.
We are seeking solid results that open markets and build a basis
for further liberalization in agriculture, market access,
3
services, intellectual property and finance. I urge the
government of Korea to act quickly and decisively.
Let me say a word about finance. Korea will need a more
open financial system if it wants to build upon its spectacular
growth. I know that American businesses are particularly
concerned with restrictions in the financial system here which
prevent them from trading and investing in the Korean economy.
But the bottom line is that broader access for foreign financial
firms is in Korea's best interest -- because a more open economy
will benefit Korean businesses and their customers.
It is in their name -- the employees, the customers, the
buyers and sellers of our two nations -- that we seek stronger
economic ties. We want to build hope for a better life for our
people; we want to create opportunity for all men and women; and
we want to leave as our legacy peace for our children. So it is
in that spirit of anticipation that I say thank you to all of
you. What a great job you have done, and what tremendous work
lies ahead for us all.
God bless you and thank you.
# # #
THE WHITE HOUSE
WASHINGTON
31 DEC 19 P4:41
December 19, 1991
MEMORANDUM FOR TONY SNOW
FROM:
RONALD E. VONLEMBKE:
ASSISTANT COUNSEL TO THE PRESIDENT
SUBJECT:
Presidential Remarks: American Chamber of
Commerce Breakfast, Seol, Korea -- Monday,
January 6, 1992
Pursuant to Phillip Brady's request, Counsel's Office has
reviewed the above-referenced matter. We have no objection to
the proposed presidential remarks.
CC: Phillip D. Brady
Document No. 294060ss
WHITE HOUSE STAFFING MEMORANDUM
DATE: 12/18/91
ACTION/CONCURRENCE/COMMENT DUE BY: FRIDAY, 12/20/91 10:00 am
PRESIDENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA - MONDAY, 1/6/92
SUBJECT:
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SKINNER
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
BOSKIN
CARD
FINDLAY
DEMAREST
SNOW
FITZWATER
GRAY
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122, x2930,
no later than 10:00 a.m., FRIDAY, DECEMBER 20, with a copy to this
office. Thank you.
RESPONSE:
See comments. EL Thanks.
Elizabeth 12/20/91 Luttig
PHILLIP D. BRADY
Assistant to the President
and Staff Secretary
Ext. 2702
Grant / Bunton
A:KOREA.BUS Draft two
91 38
December 18, 1991
REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA
MONDAY, JANUARY 6, 1991
8 A.M.
[CONSECUTIVE TRANSLATION?]
[Acknowledgements]
First of all, I'd like to thank our hosts, the American
Chamber of Commerce, for bringing together some of Korea's top
business leaders this morning. The American Chamber of Commerce
here in Seoul is leading the way toward free and open trade
(Commerce) throughout Asia, and is playing a vital role in
expanding business ties between the United States and Korea --
ties which are growing into a true economic partnership.
I'm happy to be here today, in the capital of one of the
world's top economic success stories -- success based on hard
work, market orientation, and access to international capital and
markets. Korea has transformed itself from one of the world's
poorest states into the world's 13th largest economy -- on the
cutting edge of high-tech growth -- all in the span of a single
generation.
That new generation knows that enduring security comes not
through aggression, but through shared values -- free people and
free markets. In the emerging post-Cold War era, economic
engagement and expanded markets will ensure prosperity and
stability for the people of the world.
2
Korea and the United States have a tremendous amount at
stake in their economic relations -- the U.S. is Korea's largest
sixth
export market, and Korea is our largest export market.
(connere)
representing
With me today are ((number)) executives
American
sector.
business
These business leaders believe in strong
economic relations with Korea, and they stand ready to work side
by side with Korean businessmen. Like you, they seek to build
even more growth, opportunity and stability for our two nations.
And while Korea has made great progress in removing visible
trade barriers to foreign business over the last five years,
doing business in Korea is still difficult. Korea must address
(commerce)
fundamental problems that stifle the ability of foreign firms to
compete in Korea -- problems like certain unnecessary standards
insert
and regulations, customs procedures, and financing restrictions.
Attitudes toward imports must change -- while Engality isn't bad, import restriction
And while numerous restrictions on foreign investment have been harm
Korean
lifted -- such as certain performance requirements and
consumers
sectoral restrictions
we will continue to look for ways
to work with the Korean government to continue removing barriers
to investment.
Free trade has propelled Korea into a position of economic
prominence and leadership. Because of this, Korea has a special
responsibility to lead in the strengthening of the world trade
and financial system. Korea's largest contribution could be
this: to take actions to successfully conclude the Uruguay Round.
We are seeking solid results that open markets and build a basis
for further liberalization in agriculture, market access,
3
services, intellectual property and finance. I urge the
government of Korea to act quickly and decisively.
Let me say a word about finance. Korea will need a more
open financial system if it wants to build upon its spectacular
growth. I know that American businesses are particularly
concerned with restrictions in the financial system here which
prevent them from trading and investing in the Korean economy.
But the bottom line is that broader access for foreign financial
firms is in Korea's best interest -- because a more open economy
will benefit Korean businesses and their customers.
It is in their name -- the employees, the customers, the
buyers and sellers of our two nations -- that we seek stronger
economic ties. We want to build hope for a better life for our
people; we want to create opportunity for all men and women; and
we want to leave as our legacy peace for our children. So it is
in that spirit of anticipation that I say thank you to all of
you. What a great job you have done, and what tremendous work
lies ahead for us all.
God bless you and thank you.
# # #
Document No. 294060ss
WHITE HOUSE STAFFING MEMORANDUM
DATE: 12/18/91
ACTION/CONCURRENCE/COMMENT DUE BY: FRIDAY, 12/20/91 10:00 am
PRESIDENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA - MONDAY, 1/6/92
SUBJECT:
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SKINNER
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
BOSKIN
CARD
FINDLAY
DEMAREST
SNOW
FITZWATER
GRAY
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122, x2930,
no later than 10:00 a.m., FRIDAY, DECEMBER 20, with a copy to this
office. Thank you.
RESPONSE:
OK
91 DEC 19 P2 57
PHILLIP D. BRADY
Be for SR
Assistant to the President
and Staff Secretary
Ext. 2702
Grant / Bunton
A:KOREA.BUS Draft two
31 38
December 18, 1991
REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA
MONDAY, JANUARY 6, 1991
8 A.M.
[CONSECUTIVE TRANSLATION?]
[Acknowledgements]
First of all, I'd like to thank our hosts, the American
Chamber of Commerce, for bringing together some of Korea's top
business leaders this morning. The American Chamber of Commerce
here in Seoul is leading the way toward free and open trade
throughout Southeast Asia, and is playing a vital role in
expanding business ties between the United States and Korea --
ties which are growing into a true economic partnership.
I'm happy to be here today, in the capital of one of the
world's top economic success stories -- success based on hard
work, market orientation, and access to international capital and
markets. Korea has transformed itself from one of the world's
poorest states into the world's 13th largest economy -- on the
cutting edge of high-tech growth -- all in the span of a single
generation.
That new generation knows that enduring security comes not
through aggression, but through shared values -- free people and
free markets. In the emerging post-Cold War era, economic
engagement and expanded markets will ensure prosperity and
stability for the people of the world.
2
Korea and the United States have a tremendous amount at
stake in their economic relations -- the U.S. is Korea's largest
export market, and Korea is our seventh largest export market.
With me today are ( (number) ) executives from major American
businesses ( (names) ) These business leaders believe in strong
economic relations with Korea, and they stand ready to work side
by side with Korean businessmen. Like you, they seek to build
even more growth, opportunity and stability for our two nations.
And while Korea has made great progress in removing visible
trade barriers to foreign business over the last five years,
Perhaps an
doing business in Korea is still difficult. Korea must address
fundamental problems that stifle the ability of foreign firms to
include
compete in Korea -- problems like certain unnecessary standards
example two
and regulations, customs procedures, and financing restrictions.
And while numerous restrictions on foreign investment have been
or
like
are
lifted -- such as certain performance requirements and imports of
some agricultural products -- we will continue to look for ways
to work with the Korean government to continue removing barriers
to investment.
Free trade has propelled Korea into a position of economic
prominence and leadership. Because of this, Korea has a special
responsibility to lead in the strengthening of the world trade
and financial system. Korea's largest contribution could be
this: to take actions to successfully conclude the Uruguay Round.
We are seeking solid results that open markets and build a basis
for further liberalization in agriculture, market access,
3
services, intellectual property and finance. I urge the
government of Korea to act quickly and decisively.
Let me say a word about finance. Korea will need a more
open financial system if it wants to build upon its spectacular
growth. I know that American businesses are particularly
concerned with restrictions in the financial system here which
prevent them from trading and investing in the Korean economy.
But the bottom line is that broader access for foreign financial
firms is in Korea's best interest -- because a more open economy
will benefit Korean businesses and their customers.
It is in their name -- the employees, the customers, the
buyers and sellers of our two nations -- that we seek stronger
economic ties. We want to build hope for a better life for our
people; we want to create opportunity for all men and women; and
we want to leave as our legacy peace for our children. So it is
in that spirit of anticipation that I say thank you to all of
you. What a great job you have done, and what tremendous work
lies ahead for us all.
God bless you and thank you.
# # #
Document No. 294060ss
WHITE HOUSE STAFFING MEMORANDUM
91 DEC 20 A10: 51
DATE: 12/18/91
ACTION/CONCURRENCE/COMMENT DUE BY: FRIDAY, 12/20/91 10:00 am
PRESIDENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA - MONDAY, 1/6/92
SUBJECT:
ACTION FYI
ACTION FYI
VICE PRESIDENT
HORNER
SKINNER
MCCLURE
SCOWCROFT
PETERSMEYER
DARMAN
PORTER
BRADY
ROGICH
BROMLEY
SMITH
BOSKIN
CARD
FINDLAY
DEMAREST
SNOW
FITZWATER
GRAY
HOLIDAY
REMARKS:
Please forward your comments directly to Tony Snow, Rm. 122, x2930,
no later than 10:00 a.m., FRIDAY, DECEMBER 20, with a copy to this
office. Thank you.
RESPONSE:
No comment
PHILLIP D. BRADY
Assistant to the President
and Staff Secretary
Ext. 2702
Grant / Bunton
A:KOREA.BUS Draft two
December 18, 1991
PRESIDENTIAL REMARKS: AMERICAN CHAMBER OF COMMERCE BREAKFAST
SEOUL, KOREA
MONDAY, JANUARY 6, 1991
8 A.M.
[CONSECUTIVE TRANSLATION?]
[Acknowledgements]
First of all, I'd like to thank our hosts, the American
Chamber of Commerce, for bringing together some of Korea's top
business leaders this morning. The American Chamber of Commerce
here in Seoul is leading the way toward free and open trade
throughout Southeast Asia, and is playing a vital role in
expanding business ties between the United States and Korea --
ties which are growing into a true economic partnership.
I'm happy to be here today, in the capital of one of the
world's top economic success stories -- success based on hard
work, market orientation, and access to international capital and
markets. Korea has transformed itself from one of the world's
poorest states into the world's 13th largest economy -- on the
cutting edge of high-tech growth -- all in the span of a single
generation.
That new generation knows that enduring security comes not
through aggression, but through shared values -- free people and
free markets. In the emerging post-Cold War era, economic
engagement and expanded markets will ensure prosperity and
stability for the people of the world.
2
Korea and the United States have a tremendous amount at
stake in their economic relations -- the U.S. is Korea's largest
export market, and Korea is our seventh largest export market.
With me today are ((number) ) executives from major American
businesses ( (names) These business leaders believe in strong
economic relations with Korea, and they stand ready to work side
by side with Korean businessmen. Like you, they seek to build
even more growth, opportunity and stability for our two nations.
And while Korea has made great progress in removing visible
trade barriers to foreign business over the last five years,
doing business in Korea is still difficult. Korea must address
fundamental problems that stifle the ability of foreign firms to
compete in Korea -- problems like certain unnecessary standards
and regulations, customs procedures, and financing restrictions.
And while numerous restrictions on foreign investment have been
lifted -- such as certain performance requirements and imports of
some agricultural products -- we will continue to look for ways
to work with the Korean government to continue removing barriers
to investment.
Free trade has propelled Korea into a position of economic
prominence and leadership. Because of this, Korea has a special
responsibility to lead in the strengthening of the world trade
and financial system. Korea's largest contribution could be
this: to take actions to successfully conclude the Uruguay Round.
We are seeking solid results that open markets and build a basis
for further liberalization in agriculture, market access,
3
services, intellectual property and finance. I urge the
government of Korea to act quickly and decisively.
Let me say a word about finance. Korea will need a more
open financial system if it wants to build upon its spectacular
growth. I know that American businesses are particularly
concerned with restrictions in the financial system here which
prevent them from trading and investing in the Korean economy.
But the bottom line is that broader access for foreign financial
firms is in Korea's best interest -- because a more open economy
will benefit Korean businesses and their customers.
It is in their name -- the employees, the customers, the
buyers and sellers of our two nations -- that we seek stronger
economic ties. We want to build hope for a better life for our
people; we want to create opportunity for all men and women; and
we want to leave as our legacy peace for our children. So it is
in that spirit of anticipation that I say thank you to all of
you. What a great job you have done, and what tremendous work
lies ahead for us all.
God bless you and thank you.
# # #