Hankyung Association Regular General Meeting Today, Chairman Ryu Jin Reappointed

Korea Economic Association Holds 64th Regular General Meeting
Choosing to Maintain Stable Leadership
Chairman Ryu Jin Leads Organizational Restructuring and Expansion
Decision on Admission of New Member Companies Including Naver

The Korea Economic Association (HanKyungHyup) will hold its 64th regular general meeting on the 20th at the FKI Tower Conference Center in Yeouido, Seoul. At this meeting, the reappointment of Chairman Ryu Jin is expected to be decided. Both inside and outside the business community anticipate that, barring any surprises, his reappointment will be confirmed.

In the current situation of global economic slowdown, intensified US-China conflicts, and increasing domestic economic uncertainties, many in the business sector believe that maintaining existing leadership and responding steadily is more important than rapid changes. It appears that Chairman Ryu’s reappointment is being pursued within this context.

The term for the HanKyungHyup chairman is two years, and if Chairman Ryu’s reappointment is confirmed, his term will extend until 2027. Since his inauguration as the 39th chairman in August 2023, Chairman Ryu has actively worked to restore HanKyungHyup’s status and expand its scope.

In July of the same year, HanKyungHyup changed its name from the Federation of Korean Industries (FKI) to signal transformation, and as the first chairman under the new name, Chairman Ryu focused on organizational restructuring and attracting companies. He concentrated on expanding cooperation with various industries, including the IT and content sectors, and actively pursued the recruitment of new member companies such as Naver, Kakao, and HYBE.

Ryu Jin, Chairman of the Korea Economic Association

So far, HanKyungHyup has focused on expanding corporate participation to shed its image as an economic organization centered on the four major conglomerates. At this general meeting, the admission of new member companies such as Naver, Kakao, HYBE, and some gaming companies will also be discussed. Should major IT and content companies join HanKyungHyup, its representativeness as an economic organization and its policy responsiveness are expected to be significantly strengthened.

Last year, HanKyungHyup concentrated on expanding its position as an economic organization both domestically and internationally. It broadened its global network by strengthening cooperation with major economic organizations in the US, Europe, and other regions, and continued discussions to create a business-friendly policy environment through communication with the government and the National Assembly.

At this general meeting, HanKyungHyup plans to announce three major projects for 2025 and unveil a new corporate identity (CI). The main goals include strengthening responses to industry-specific regulations and expanding policy proposals to enhance corporate global competitiveness. Additionally, supporting the development of AI and digital industries, as well as establishing strategies for carbon neutrality and sustainable management, are emerging as important tasks.

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