Ryu Jin, New Chairman of the Federation of Korean Industries, Holds First Official Meeting with Economic Organization Leaders

Meeting with Chairman Koo Ja-yeol of the Korea Federation of SMEs on the 23rd
Afternoon visits to the Korea Federation of SMEs and the Korea Employers Federation for greetings

Ryu Jin, the newly appointed chairman of the Federation of Korean Industries (FKI), is meeting with heads of economic organizations one after another as his first official schedule after taking office.

On the 23rd, Chairman Ryu met with Koo Ja-yeol, chairman of the Korea International Trade Association (KITA), at the Trade Tower in Samseong-dong, where they exchanged opinions on the role of economic organizations in creating social value and solving national agendas, as well as ways to strengthen cooperation between the two institutions.

Ryu Jin, the new chairman of the Federation of Korean Industries (left), met with Koo Ja-yeol, the chairman of the Korea International Trade Association (right), on the 23rd at the Trade Tower in Samseong-dong for a discussion.
[Photo by Korea International Trade Association]

Chairman Koo congratulated Chairman Ryu on his inauguration, saying, "We support FKI's new journey to open the path for the 'global leap of the Korean economy,'" and added, "We hope FKI will present the direction for the Korean economy as a global think tank representing the business community."

He continued, "In the face of difficult external conditions and challenging export situations, the role of economic organizations is important," emphasizing, "Let us further strengthen cooperation between the two institutions to enhance national competitiveness through the development of our companies and industries."

Starting with KITA, Chairman Ryu plans to visit the Korea Federation of SMEs (Kbiz) at 2 p.m. and the Korea Employers Federation (KEF) at 3 p.m. on the same day.

The FKI held an extraordinary general meeting the day before, changing its name to the Korea Economic Association (KEA) and appointing Chairman Ryu as the new chairman. The new name will be used after approval of the articles of incorporation amendment by the Ministry of Trade, Industry and Energy in September.

In his inaugural speech, Chairman Ryu stated, "Our association will take the lead in overcoming difficulties and achieving a global leap for our economy," adding, "As a global think tank representing the business community, we will present the direction for the Korean economy and create practical alternatives."

He also mentioned, "We will broadly gather new trends and diverse opinions from the business community to become an economic organization that substantially contributes to the Korean economy," and said, "South Korea, proudly standing among the G7 nations, should be our goal."

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