This Year's Davos Forum Canceled After Postponement Due to COVID-19

[Image source=Yonhap News]

[Asia Economy Reporter Cho Hyun-ui] The annual meeting of the World Economic Forum (WEF), commonly known as the 'Davos Forum,' has ultimately been canceled this year. Although it was postponed once due to the impact of COVID-19, the situation did not improve as confirmed cases surged in Singapore, the planned host city for this year.

On the 17th (local time), WEF stated in a press release, "Unfortunately, we have determined that it is difficult to hold the meeting with global business, government, and civil society leaders at the planned scale."

They cited tragic situations unfolding across regions, uncertain travel prospects, varying vaccination rates, and uncertainties regarding new variants as reasons for the event's cancellation.

WEF holds its annual meeting every January in the Swiss ski resort of Davos. This year, due to the impact of COVID-19, it was scheduled to be held in August in Singapore.

The next meeting is expected to take place in the first half of next year. WEF stated, "The final location and date will be decided after assessing the situation later this summer."

This content was produced with the assistance of AI translation services.