U.S.-KOREA COMMITTEE ON BUSINESS COOPERATION

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DEPARTMENT OF COMMERCE

U.S.-KOREA COMMITTEE ON BUSINESS COOPERATION

AGENCY: International Trade Administration, Commerce.

ACTION: Notice of Membership Opportunity in U.S.-Korea Committee on

Business Cooperation.

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SUMMARY: The Department of Commerce is currently seeking nominations of

outstanding individuals to serve on the U.S. section of the U.S.-Korea

Committee on Business Cooperation (``CBC''). On December 15, 1995,

Secretary of Commerce Ronald H. Brown and South Korean Minister of

Trade, Industry and Energy Park Jae Yoon signed a memorandum of

understanding creating the CBC. The purpose of the CBC is to provide a

forum through which the U.S. and Korean public and private sectors can

cooperate to exchange information on commercial matters and to

encourage discussions on a variety of issues that impact their

bilateral commerce. The CBC is composed of two sections, a U.S. section

and a Korean section. The U.S. section is chaired by Secretary of

Commerce Ronald H. Brown and will be comprised of approximately 20

private sector representatives. The Korean section is chaired by

Minister Park and will be comprised of approximately 20 private sector

members. The inaugural meeting of the CBC is expected to take place

during the summer of 1996 in Washington. Subsequent plenary and working

group meetings are expected to be with the government and private

sector members from both countries in attendance.

OBLIGATIONS: Private sector members will be appointed for a two year

term. Nominations are now being sought for private sector members to

serve for the initial term. Private sector members will serve at the

discretion of the Secretary and shall serve as representatives of the

business community and the industry their business represents. They are

expected to participate fully in defining the agenda for the CBC and in

implementing its work program. It is expected that private sector

individuals chosen for CBC membership will attend at least 75% of the

CBC meetings which will be held in the U.S. and South Korea.

Private sector members are fully responsible for travel, living and

personal expenses associated with their participation in the CBC. The

private sector members will serve in a representative capacity

presenting the views and interests of the particular business sector in

which they operate; private sector members are not special government

employees. It is anticipated that the private sector members of the

Committee may form a Steering Committee, upon their own initiative, to

guide overall private sector participation. If the Steering Committee

is formed, it is expected that the activities conducted by the Steering

Committee, and staff support for the Committee, will be undertaken at

the expense of the private sector members.

The CBC will work on issues of common interest to encourage

bilateral trade and investment, such as, but not limited to, the

following:

--Identifying commercial opportunities, impediments, and issues of

concern to the respective business communities;

--Improving the dissemination of appropriate commercial information on

both markets;

--Adopting sectoral or project-oriented approaches to expand business

opportunities, addressing specific problems, and making recommendations

to decision-makers where appropriate;

--Promoting trade/business development and promotion programs to assist

the respective business communities in accessing each market, including

trade missions, exhibits, seminars, and other events;

--Facilitating appropriate technical cooperation; and

--Considering other steps that may be taken to foster growth and

enhance commercial relations.

CRITERIA: The U.S. private sector section of CBC will consist of

approximately 20 members representing the diversity of American

business. Selection criteria will emphasize, to the extent possible,

the following interests and issues with respect to Korea:

infrastructure, high technology manufacturing, and market access. The

Commerce Department is currently seeking nominations of outstanding

individuals or companies to serve on the CBC.

In order to meet eligibility requirements for membership, potential

candidates must be:

--A U.S. citizen residing in the United States or a U.S. permanent

resident;

--A CEO or other top management level employee of a U.S. company or

organization involved with South Korea in the trade and investment

fields; and

--Not a registered foreign agent under the Foreign Agent Registration

Act of 1938, as amended (FARA).

In reviewing eligible candidates, the Commerce Department will

consider such selection factors as:

--Experience in the South Korean market;

--Industry or service sector represented;

--Export/investment experience;

--Contribution to diversity based on company size, location,

demographics, and minority/gender ownership; and

--Stated commitment to actively participate in CBC activities and

meetings.

To be considered for membership, please provide the following: name

and title of at least two individuals requesting consideration; name

and address of the company or organization sponsoring each individual;

company's product or service line; size of the company; export

experience and major markets; a brief statement of why each candidate

should be considered membership on the CBC; the particular segment of

the business community each candidate would represent; a personal

resume; and a statement that applicant is not a registered foreign

agent under FARA.

DEADLINE: In order to receive full consideration, requests must be

received no later than May 3, 1996.

ADDRESSES: Please send your requests for consideration to Susan M.

Blackman, Director, Office of Korea and Southeast Asia, either by fax

on (202) 482-4760 or by mail at Room 3203, U.S. Department of Commerce,

Washington, D.C. 20230.

FOR FURTHER INFORMATION CONTACT: Susan M. Blackman, Director, Office of

Korea and Southeast Asia, either by fax on (202) 482-4760 or by mail at

Room 3203, U.S. Department of Commerce, Washington, D.C. 20230.

Authority: Act of February 14, 1903, c. 552, as amended, 15

U.S.C. 1501 et seq., 32 Stat. 825; Reorganization Plan No. 3 of

1979, 19 U.S.C. 2171 note, 93 Stat. 1381.

Dated: March 29, 1996.

Peter Cashman,

Acting Deputy Assistant Secretary for Asia Pacific.

[FR Doc. 96-8248 Filed 4-3-96; 8:45 am]

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