HanKyungHyup Ryu Jin Administration Approaching "100 Days Since Launch" ... "Strengthening Korea-US-Japan Supply Chain Cooperation"

20th Chairman Ryu Jin Press Corps Meeting
Increasing Skinship with 4 Major Groups
Accompanying President's Domestic and International Schedules
Announcement of Organizational Restructuring Plan

"It has been 100 days, but I have been running around nonstop as if 1000 days had passed. Next year will truly be an important year. I will personally work hard to ensure practical cooperation with the United States and Japan in supply chains and other areas."

Ryu Jin, Chairman of the Korea Economic Association (KEA) and Chairman of Poongsan, attended a press briefing held at the FKI Tower on the 20th, where he shared his reflections on his first 100 days in office and his aspirations for next year.

Ryu Jin, Chairman of the Korea Economic Association, is speaking at the 'Press Corps Meeting' held at the FKI Tower on the 20th.
[Photo by Hankyunghyeop]

Chairman Ryu said, "Although we could not accomplish all tasks within just over 100 days, there have been quite meaningful achievements in various fields," summarizing his major activities into five categories: ▲Driving the global leap of the Korean economy ▲Strengthening capabilities to respond to global issues ▲Launching the Ethics Committee ▲Improving the business environment ▲Public communication and social contribution.

In particular, Chairman Ryu emphasized the changed situation compared to the past when the association was 'passed over' at various domestic and international events throughout the Moon Jae-in administration. He said, "We dispatched economic delegations aligned with the President’s state visits to Saudi Arabia and the United Kingdom, as well as the Prime Minister’s visit to Poland," adding, "As a follow-up to this year’s Korea-US summit, KEA and the U.S. Chamber of Commerce jointly invited national security advisors and advanced companies from both countries to discuss cooperation in key emerging technology sectors, and also presented future scenarios and policy tasks for Korea to achieve G7-level economic power."

Regarding the launch of the Ethics Committee, he said, "It is a new milestone demonstrating KEA’s commitment to reform," noting, "Under the leadership of Chairman Mok Young-jun, who is highly respected in society, and other committee members, strict review and judgment are being conducted on major projects."

On the relationship with the four major groups?Samsung, SK, Hyundai Motor, and LG?he explained, "The entry of the four major groups has revived KEA," adding, "The predecessors of these groups’ chairmen also served as chairmen of the Federation of Korean Industries in the past, so they have a sense of responsibility, interest, and attachment." He further said, "Since the chairmen of the four major groups also pay great attention to their partner companies, cooperation and communication will improve."

For next year, he announced that he would emphasize Korea-US-Japan cooperation to strengthen supply chains. He said, "We will negotiate to hold a Korea-US-Japan Business Summit together with the U.S. Chamber of Commerce and Japan’s Keidanren," adding, "Through this, I will personally work hard to ensure practical cooperation among the three countries in key areas such as supply chains and advanced industries." He also pledged to focus on expanding the base of member companies and proposing alternatives to reignite growth engines.

Along with this, KEA announced its organizational restructuring plan for next year. The existing structure of 4 divisions and 12 teams at KEA and 3 offices and 3 teams at the Korea Economic Research Institute (KERI) will be reorganized into 4 divisions, 1 office, and 15 teams (including 1 task force). Jung Cheol, head of external cooperation at the Korea Institute for International Economic Policy, has been nominated as Chief Research Officer (CRO) and head of KERI (to be appointed in January). Under the direct supervision of the CRO and KERI head, a new 'Future Strategy TF' responsible for discovering national and industrial future strategies and an 'Economic Education Team' tasked with nurturing future talents with proper market economy values have been established. To respond swiftly to global issues, a 'Global Risk Team' has been created, and global project task forces will be established and operated as needed according to global issues.

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