
Industry Minister Ahn Duk-geun speaks during an event in Seoul on Jan. 22, 2025, in this file photo released by the Ministry of Trade, Industry and Energy. (Image courtesy of Yonhap)
SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s business community on Thursday launched a promotion committee to support the government’s preparations for the Asia-Pacific Economic Cooperation (APEC) CEO Summit set to be held in the country this year.
The Korea Chamber of Commerce & Industry (KCCI) said the committee, led by KCCI Chairman Chey Tae-won, will engage in efforts to invite key figures to the event, which is expected to host around 1,000 government and business officials from around the globe.
“The APEC CEO Summit will offer a venue for major global businesses to engage in communication and build partnerships,” Industry Minister Ahn Duk-geun said during the launch ceremony.
“We need to utilize the event as an important opportunity to achieve a turnaround for the challenging economic conditions at home and abroad,” Ahn added.
He also asked businesses to make efforts to leverage their networks and capabilities to invite global companies to the event.
The industry ministry said it plans to support the invitation of global business leaders through overseas embassies and the Korea Trade-Investment Promotion Agency, better known as KOTRA.
South Korea is set to host the 2025 APEC summit in Gyeongju, located about 270 kilometers south of Seoul, in November, along with several other side events.
The industry plans to use the event as an opportunity to bolster the multilateral trade regime, expand free trade and seek cooperation with major trade partners on sustainable development, supply chains and artificial intelligence (AI), it added.
(Yonhap)