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KITA Insights

■ KITA August Events ■

On August 28, Korea International Trade Association (KITA) held a "KITA-Japan Association of Corporate Executives Networking Dinner" at the Grand Intercontinental Seoul Parnas Hotel in Samseong-dong, Seoul.

This event was attended by major Korean companies such as SeAH Steel Corporation, YG-1, Exicon, Hyosung Chemical, INFAC, CJ and others as well as prominent figures including former Minister of Foreign Affairs of Korea Yu Myung-hwan and former Korea Ambassador to Japan Shin Kak Soo.

Founded in 1946, the Japan Association of Corporate Executives is one of the three largest economic organizations in the Kansai region with about 850 business leaders from 600 companies. Since 2000, it has sent business delegations to Korea annually to promote private sector exchanges between Korea and Japan. This year, led by Sugino Toshiyuki, President of Sanki Holdings Co., Ltd., a delegation of 26 business leaders visited Korea.

Both leaders emphasized the importance of Korea-Japan cooperation on economic security given complex and intricate global situation. They agreed to further strengthen cooperation between Korea and Japan to foster regional peace and prosperity.

On August 29, KITA held a seminar on “Prospect: Ukraine's Recovery with Poland” in collaboration with the law firm Yulchon, Korea's leading full-service law firms, at the Parnas Tower in Samseong-dong, Seoul.

This seminar was organized to share trends in Ukraine's reconstruction projects and explore avenues for future collaboration with Poland and Ukraine in reconstruction efforts.

KITA has continuously collaborated with the Embassy of Ukraine in Korea and local organizations to facilitate the participation of Korean companies in a reconstruction project estimated to be worth up to 960 trillion won. KITA plans to identify possible challenges faced by Korean companies during this recovery project and support Korean companies into Ukraine through close cooperation with the Ukrainian government.

On August 29, KITA hosted a business networking dinner with Todd Young, U.S. Senator from Indiana at the Grand Intercontinental Seoul Parnas in Samseong-dong, Seoul.

This event was attended by major Korean companies including Hyundai Motor Group, SeAH Steel Corporation, Exicon, Iljin Group, Omnisystem and others. U.S. Senator Todd Young was accompanied with U.S. Deputy Chief of Mission in Korea Joy Sakurai and other staff members.

Following the April ROK-US summit, ROK-US alliance has been elevated to a global comprehensive strategic partnership primarily driven by state-of-the-art technology and economic security. Particularly, as re-affirmed at the Camp David U.S.-Japan-Korea Trilateral Summit, Koera-US cooperation is now expandingbeyond bilateral relations to encompass multilateral collaboration to foster peace and prosperity in the Indo-Pacific region and the world.

This event provided an invaluable opportunity for Korea and the U.S. to deepen their understanding and economic cooperation further.

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Close cooperation with the U.S., Japan and Poland