[Image source=Yonhap News]

[Image source=Yonhap News]

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[Asia Economy Reporter Park Sun-mi] The Korea International Trade Association (KITA) congratulated the inauguration of the 20th President Yoon Suk-yeol and expressed hope that, like the new government's national vision, South Korea will take a leap forward and become a nation where all citizens live well together.


On the 9th, KITA stated in a commentary related to the inauguration of the 20th president, "Our trade industry is currently facing simultaneous challenges, including short-term global supply chain crises and logistics difficulties, as well as the long-term need to respond to carbon neutrality," adding, "To realize the new government's goal of a ‘dynamic economy led by the private sector,’ it is essential to listen carefully to the voices from the trade field and focus capabilities on policy support."


Furthermore, KITA urged the establishment and implementation of a meticulous economic diplomacy strategy to secure a favorable position for our export industries on the global stage. It emphasized, "For companies to respond flexibly and proactively to changes in the international trade order, balanced and strategic economic security policies by the government are indispensable," and added, "Especially amid intensifying protectionism, we hope that communication and cooperation between the public and private sectors will be strengthened to prevent the weakening of our companies' global competitiveness."



KITA also expressed, "With the launch of the new government, we expect the Korean economy to be reborn as a leading economy based on coexistence and cooperation," and promised, "The trade industry will also strive to lead more job creation and innovation with strong support from the new government."


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

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