Prime Minister of Republic of Korea Speaks with Global CEOs on Strategic Priorities for its New Government

21 Oct 2022

Di Dai, Public Engagement, World Economic Forum,

  • World Economic Forum convenes a special dialogue with Prime Minister of South Korea and more than 30 business leaders from around the world
  • Virtual session offers rich insights into the government’s vision and plans for navigating the challenges facing the global economy
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Geneva, Switzerland, 21 October 2022 – The World Economic Forum today hosted a Country Strategic Dialogue on the Republic of Korea, with Prime Minister Han Duck-soo and World Economic Forum members and partners. It was chaired by Klaus Schwab, Founder and Executive Chairman, World Economic Forum, and Børge Brende, President, World Economic Forum.

The dialogue gave chief executives from around the world an opportunity to hear directly from the prime minister on South Korea’s plans and aspirations, as well as policies and regulatory reforms to foster stronger innovation in the country and attract investment. It also examined ideas and initiatives to enhance supply chain connectivity and resilience in South Korea and explore new drivers of growth, particularly the role of public-private collaboration in strengthening the focus on sustainability and innovation.

In the virtual session, Han Duck-soo said: “The Korean government believes that free competition, market principles and the autonomy of the private sector are the driving forces for growth.” He added that Korea will “foster a business environment that is predictable and transparent, providing maximum support for industrial transformation” working with the private sector to “induce investments in high-tech industries such as next-generation semiconductors, batteries and artificial intelligence.”

“The Republic of Korea has been a strong partner of the Forum for many years and I believe that with the government’s clear vision and emphasis on both sustainability and innovation, there is a bright outlook for much stronger public-private cooperation in the country,” Schwab said, adding that under the new government’s leadership the country will “continue to play an indispensable role in tackling the common challenges we face in today’s world”.

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All opinions expressed are those of the author. The World Economic Forum Blog is an independent and neutral platform dedicated to generating debate around the key topics that shape global, regional and industry agendas.

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