Opening of the Korea Chamber of Commerce Jeju Forum... Chey Tae-won Urges "Flexibility in Thinking"

Over 600 Business Leaders Attend... Deputy Prime Minister Choo Kyung-ho's Lecture

Choi Tae-won, Chairman of the Korea Chamber of Commerce and Industry, is delivering the opening address at the '45th KCCI Jeju Forum' held on the 13th at the Haevichi Hotel in Jeju.

[Asia Economy Reporter Oh Hyung-gil] The Korea Chamber of Commerce and Industry held the '45th Korea Chamber Jeju Forum' from the 13th to the 15th at the Haevichi Hotel & Resort Jeju in Seogwipo, Jeju.

The Jeju Forum, held again after three years due to COVID-19, was attended by more than 600 people including Korea Chamber Chairman Chey Tae-won, chairpersons of chambers nationwide, and businesspeople.

In his opening remarks, Chairman Chey said, "We need to have flexible thinking," adding, "There are troubling incidents or worries, but 90% of them are things you can worry about tomorrow, and if you judge well, it will help you relax."

He continued, "Archimedes shouted 'Eureka' while resting in a bathtub after coming up with an idea that changed human history," explaining, "This is called a Eureka moment."

He emphasized, "I hope the Jeju Forum provides flexible thinking and becomes a Eureka moment."

Choi Tae-won, Chairman of the Korea Chamber of Commerce and Industry, is delivering the opening address at the '45th KCCI Jeju Forum' held on the 13th at the Haevichi Hotel in Jeju.

On the same day, Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho gave a lecture on the topic of 'New Government Economic Policy Direction.' He presented the support direction of President Yoon Suk-yeol's economic team to overcome the current crisis amid complex risks such as global supply chain instability, slowing growth rates, and inflation, and to find new growth paths.

Insights from overseas scholars who objectively diagnosed Korea's geopolitical risks and the current state of the economy were also presented. Adam Tooze, a world-renowned economic historian and author of the book 'Crashed: How a Decade of Financial Crises Changed the World,' visited Korea in person to forecast the 'Post War' era.

Professor Tooze predicted that in the new paradigm system, the hegemony of the U.S. and China will intensify. He also said that as U.S.-China hegemony intensifies, it will pose a significant burden on U.S. allies such as Korea and Germany, because they are not free from the China-centered global supply chain, according to Professor Adam's analysis.

Professor Shin Yong-seok of Washington University in St. Louis explained the current state of the Korean economy. He said, "This is a time when geopolitical risks such as global economic supply chain instability, stagflation, and North Korea's security and economic instability factors are higher than ever," adding, "We must turn the crisis of uncertainty into an opportunity."

On the second day of the event, the 14th, Song Seung-heon, who recently became the head of McKinsey Korea, will give a lecture on solutions for Korean companies to survive amid changes in the global business environment. On the final day, the 15th, Minister of Trade, Industry and Energy Lee Chang-yang will explain the 'New Government Industrial Policy Direction.'

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