[Digital Today Reporter Choi Ji-yeon] Dae-won Choi, chairman of the Korean Sang-sang, conducted economic diplomacy for practical cooperation between the US and South Korea in Washington, the US, where the US-Korea summit was held.
The Korea Chamber of Commerce and Industry and SK announced that they have participated in President Moon Jae-in’s mission to the US as the first overseas schedule since Chairman Tae-won Choi took office as Chairman of the Korea Sang-Ang on the 23rd, and that they are expanding economic cooperation networks with American business people.
Chairman Tae-won Choi is the only head of an economic organization that participated in the delegation, attending the’Korea-US Business Round Table’ with President Moon Jae-in on the 21st of the US local time to expand investment in three major industries such as semiconductors, batteries, and biotechnology, and protect quality jobs and the environment. He emphasized that it will create community-centered social values.
Chairman Choi passed after the business round table, met with US Commerce Minister Raymondo, had a conversation, discussed economic issues of the two countries, and in the afternoon attended a briefing at the summit meeting held at the White House.
Considering that it was his first overseas schedule since the inauguration of the chairman of the Daehan Sangsang, Chairman Choi focused on seeking ways to improve industrial competitiveness after selling the’Korean economy’ while meeting with leading US economic groups and think tank leaders one after another.
On the 21st, Chairman Choi held a video interview with Joshua Bolton, Chairman of the Business Round Table (BRT), a leading U.S. economic organization, and Paul Dulayney, Vice-Chairman of Trade and International Affairs, to discuss ways to cooperate with the business world of the two countries.
Chairman Choi and Chairman Bolton decided to find a concrete and effective methodology after sharing the recognition that management based on’new entrepreneurship’, such as stakeholder capitalism and ESG (environmental, social, governance) management, is necessary for sustainable growth. did.
Chairman Choi said, “It is important to establish stakeholder capitalism and ESG management in order to increase uncertainty due to the rapidly changing international situation and to solve the problems we face such as climate change, income gap, and population decline. BRT has a lot of work to do with each other.”
Chairman Bolton replied, “Let’s work together so that BRT and Korea can take the lead in solving various economic and social problems.” Stakeholder Capitalism is a management that respects all stakeholders, including customers, workers, business partners, and local communities, and is in line with the management that pursues social value that Chairman Choi has emphasized.
On the 20th, Chairman Choi also held a meeting with Jason Oxman and Vice Chairman Rob Strayer of the Information and Communication Industry Association (ITI) on the 20th. After collecting the data, it looked for ways to strengthen the competitiveness of domestic companies.
ITI is a semiconductor and telecommunications specialized organization that includes not only US companies such as Google, Microsoft, Amazon, Apple, and Intel, but also global companies such as SK Hynix, Samsung Electronics, and Taiwan’s TSMC as members.
Chairman Choi said, “Korean companies have been playing the role of strong economic partners in the United States through dynamic investment in the US, stable supply of semiconductors, mass production of hydrogen economy and electric vehicle batteries, and creation of good jobs.” Let’s build a variety of cooperation channels so that we can grow this one step further.”
President Oxman said, “The Biden administration is also very interested in cooperation with Korean companies to rebuild the US economy and restore global leadership. Let’s further promote economic friendship between the two countries through close dialogue between ITI and Korea.” Answered.
In addition, Chairman Choi also strengthened networking with experts in the field of strategy by meeting with the Atlantic Council, a famous American think tank, on the 20th. It is based on the judgment that it will be able to contribute to strengthening the ability of domestic companies to respond to crises in the process of rapidly changing the global economic paradigm due to the Corona 19 and the US-China economic conflict.
“Chairman Tae-won Choi, during his visit to the United States, made full use of the US network to create a friendly cooperative relationship between the two countries.” “We will continue to create various economic cooperation measures at the level.”
Author/ Translator: Jamie Kim
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