Economic Sector Returns to Poland... Discussing Cooperation on Ukraine Reconstruction, Defense Industry, and Nuclear Power

First Official International Event After Chairman Ryu Jin's Inauguration
'One Team Korea' Joins Sales Effort

The Federation of Korean Industries (FKI) dispatched a joint public-private Korean delegation to the Krynica Forum in Poland from the 13th to the 15th (local time) to accelerate economic cooperation between Korea and Poland. This visit by the business community to Poland comes just two months after the presidential economic delegation to Poland in July.

[Image source=Yonhap News]

The Krynica Forum is an international conference honorarily sponsored by Polish President Andrzej Duda and is often referred to as the "Davos of the East." This joint public-private delegation consisted of government officials including Prime Minister Han Duck-soo, Ahn Deok-geun, Director-General for Trade at the Ministry of Trade, Industry and Energy, and Eom Dong-hwan, Administrator of the Defense Acquisition Program Administration, along with a private economic delegation from 20 companies. The private economic delegation was led by Ryu Jin, Chairman of the FKI, and included Chung Eui-sun, Chairman of Hyundai Motor Group; Lee Bang-su, President of LG Energy Solution; Ahn Won-hyung, President of LS Corporation; Yoon Young-joon, President of Hyundai Construction; Lee Yong-bae, President of Hyundai Rotem; Joo Won-ho, Vice President of HD Hyundai Heavy Industries; and Kim Young-joo, Vice President of Poongsan Corporation, among others.

The Krynica Forum covered a variety of agendas including defense industry, energy, and climate change. In particular, there were active discussions on cooperation for Ukraine’s reconstruction. Korea and Poland signed a Memorandum of Understanding (MOU) on cooperation for Ukraine’s reconstruction during their summit in July and announced plans to establish a joint governance framework for reconstruction projects.

This dispatch of the economic delegation marks Chairman Ryu’s first official international event since he pledged to transform the FKI into a global think tank economic organization. As a representative of the business community, Chairman Ryu participated in various schedules beyond the official program of the Krynica Forum.

At a breakfast meeting with the Prime Minister-invited delegation, Chairman Ryu delivered an opening address stating, “Last year, Korea’s investment in Poland reached $907 million, a 36-fold increase compared to ten years ago,” and emphasized, “Poland is a land of opportunity in both quantity and quality for Korea’s future industries such as secondary batteries, defense industry, nuclear power, and infrastructure.” He also said, “To enable our businesspeople to fully demonstrate their capabilities on the global stage, the FKI will actively participate in projects like this joint public-private delegation and support the government with the spirit of ‘One Team Korea.’”

Chairman Ryu, along with Prime Minister Han and key business leaders, also took part in meetings with Polish President Andrzej Duda and Lithuanian President Gitanas Naus?da. Additionally, he attended the special 'Korea-Poland Business Reception' organized by President Duda for Korean businesspeople as the head of the Korean private economic delegation.

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