Kolon Vice Chairman Lee Gyuho Presides Over ABAC Closing... Finalizes APEC Policy Recommendations

41 Action Items Covering AI, Healthcare, and Sustainability

Kolon Group announced on October 29 that Vice Chairman Lee Gyuho presided over the closing ceremony of the 4th meeting of the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) held in Busan on the 28th, and finalized the policy recommendations to be delivered to APEC leaders.

The meeting, held at Ananti Cove in Busan, was attended by representatives from the 21 APEC member economies. They discussed ways to cooperate for shared prosperity under this year’s ABAC theme of “3B (Bridge, Business, Beyond).” The participants also emphasized the importance of rules-based trade, resilient supply chains, and sustainable innovation, and pledged to enhance cooperation among economies.

Kolon Group announced that Vice Chairman Lee Gyuho presided over the closing ceremony of the 4th meeting of the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) held in Busan on the 28th and finalized the policy recommendations to be delivered to APEC leaders. The photo shows Vice Chairman Lee conversing with event participants. Provided by Kolon Group

ABAC prepared a set of recommendations containing 41 action items across five areas: trade and investment, sustainability, artificial intelligence (AI) and digital innovation, healthcare, and finance. These recommendations will be submitted to the APEC Leaders’ Meeting and serve as foundational materials for discussions in each member economy.

The “Biohealthcare Working Group,” chaired by Vice Chairman Lee, proposed expanding healthcare accessibility, promoting data utilization, and addressing demographic challenges based on AI and genomics. Vice Chairman Lee stated, “Major member economies such as Japan, Taiwan, and the United States have shown continued interest in the APEC healthcare agenda,” and added, “We will actively participate in policy proposals next year as well.”

At this meeting, ABAC also released strategic reports, including the “Smart and Inclusive Healthcare Roadmap” and “Sustainable Operation of Data Centers within APEC.”

SK Group Chairman Chey Tae-won also attended the closing ceremony as Chair of the APEC CEO Summit. Chairman Chey remarked, “Businesses are the key drivers of innovation that shape society and the future,” and added, “The influence of the private sector will grow even stronger when its voice is united on platforms like ABAC.”

Next year’s APEC Leaders’ Meeting will be held in China. The next ABAC Chair will be Li Fanrong, Chairman of Sinochem. The upcoming council will consist of four working groups-regional economic integration, sustainability, digital innovation, and connectivity-as well as a finance and economy task force, with sequential meetings scheduled in cities such as Jakarta, Indonesia and Mexico City, Mexico.

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