"Corporate and Government One Team Korea for a New Leap"... 400 Economic Leaders Pledge at New Year's Meeting

Economic Organization Leaders and Business Tycoons All Gathered

"In the new year, I hope we can once again demonstrate the 'One Team Korea' spirit of our companies and government to jointly advance the economic resurgence of the Republic of Korea and the revitalization of the livelihood economy." (Choi Tae-won, Chairman of the Korea Chamber of Commerce and Industry and Chairman of SK Group)

On the 2nd, the business community pledged to turn the crisis into an engine of innovation and make this year a year of leap forward at the '63rd 2024 Economic Community New Year's Meeting' held at the Korea Federation of SMEs in Yeouido, Seoul. This year’s Economic Community New Year's Meeting, co-hosted by the Korea Chamber of Commerce and Industry and the Korea Federation of SMEs, was attended by over 400 people including leaders from the business sector, government, and regional chambers of commerce.

In his greeting, Chairman Choi said, "Uncertainties surrounding our economy remain, and we do not know how greatly they will impact us," adding, "I hope our entrepreneurial spirit will be demonstrated so that we do not get swayed by immediate profits and losses but look toward the distant future and sow the 'seeds of future industries'." He also said, "I hope cooperation between large corporations, mid-sized companies, and small and medium enterprises, between companies and workers, and between the private sector and government will be strengthened to accelerate economic recovery and ensure that no one is left behind, so everyone can feel warmth."

SK Group Chairman Chey Tae-won is attending the 'New Year's Meeting of the Business Community' held at the Korea Federation of SMEs in Yeouido, Seoul, on the 2nd. Photo by Kang Jin-hyung aymsdream@

Chairman Choi repeatedly emphasized public-private cooperation. He said, "To accomplish all these tasks well, the government and private sectors must work in harmony," and added, "Communication is the most important. The President always says, 'There is nothing more important than responding swiftly to voices from the field,' which greatly encourages our businesspeople."

The Economic Community New Year's Meeting is the largest New Year's event in the economic sector, attended by business leaders and key government officials who pledge progress and leap forward in the new year. It has been held annually since 1962.

At the event, business leaders including Chairman Choi, Lee Jae-yong, Chairman of Samsung Electronics, Chung Eui-sun, Chairman of Hyundai Motor Group, Koo Kwang-mo, Chairman of LG Group, Shin Dong-bin, Chairman of Lotte Group, Kim Dong-kwan, Vice Chairman of Hanwha Group, Heo Tae-soo, Chairman of GS Group, Chung Yong-jin, Vice Chairman of Shinsegae, Koo Ja-eun, Chairman of LS Group, Park Jung-won, Chairman of Doosan Group, Cho Hyun-joon, Chairman of Hyosung Group, Kwon Oh-gap, Chairman of HD Hyundai Group, Hyun Jung-eun, Chairwoman of Hyundai Group, and Kim Young-seop, CEO of KT, were present.

President Yoon Suk-yeol is applauding at the 2024 New Year's Economic Meeting held on the 2nd at the Korea Federation of Small and Medium Business in Yeouido, Seoul. From the right: Sohn Kyung-shik, Chairman of the Korea Employers Federation; Chung Eui-sun, Chairman of Hyundai Motor Company; Chey Tae-won, Chairman of the Korea Chamber of Commerce and Industry; President Yoon; Kim Ki-moon, Chairman of the Korea Federation of Small and Medium Business; Lee Jae-yong, Chairman of Samsung Electronics; Ryu Jin, Chairman of the Korea Federation of Economic Organizations. Photo by the Presidential Office Press Photographers Group

Economic organization heads in attendance included Ryu Jin, Chairman of the Korea Economic Association, Sohn Kyung-shik, Chairman of the Korea Employers Federation, Kim Ki-moon, Chairman of the Korea Federation of SMEs, and Choi Jin-sik, Chairman of the Korea Association of Mid-sized Enterprises.

Government officials present included Choi Sang-mok, Deputy Prime Minister for Economy, Moon Bang-gyu, Minister of Trade, Industry and Energy, Oh Young-joo, Minister of SMEs and Startups, Park Jin, Minister of Foreign Affairs, Lee Jeong-sik, Minister of Employment and Labor, Kim Ju-hyun, Chairman of the Financial Services Commission, Kim Tae-gi, Chairman of the Central Labor Relations Commission, Kim Chang-gi, Commissioner of the National Tax Service, Lee Ki-cheol, Commissioner of the Overseas Koreans Office, and Lee In-sil, Commissioner of the Korean Intellectual Property Office.

During the 'New Year's Greetings,' Ryu Jin, Chairman of the Korea Economic Association, and Sohn Kyung-shik, Chairman of the Korea Employers Federation, conveyed hopes for the Year of the Gapjin and the determination of the economic community.

A performance by young startup entrepreneurs was also held. They presented the 'Economic Leap One Team Performance,' pledging to emulate the pioneering spirit of senior entrepreneurs who achieved the miracle of the Republic of Korea and to create the miracle of One Team Korea together.

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