South Korea’s economic stability highlighted ahead of APEC Summit

176

ANN/THE KOREA HERALD – SK Group and Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won has reached out to global business leaders, reaffirming the resilience and stability of South Korea’s economic system amid ongoing challenges.

In a letter addressed to chamber of commerce leaders in 127 countries and 116 foreign ambassadors to South Korea, Chey underscored the nation’s efforts to navigate current economic difficulties while preparing for the 2025 APEC CEO Summit. The high-profile event is set to take place in Gyeongju, North Gyeongsang Province, under the theme ‘Bridge, Business, Beyond’.

“Despite a series of challenges, the Korean economy continues to function normally,” Chey wrote. “With a high level of resilience and a stable market economy, we will overcome the current difficulties quickly.”

Chey, who serves as the chair of the upcoming summit, emphasised the significance of global collaboration through APEC, advocating for active participation in the summit as a platform to foster prosperity across the Asia-Pacific region.

“The KCCI, together with companies and the government, will ensure the 2025 APEC CEO Summit serves as a significant milestone for the prosperity of APEC nations and their entrepreneurs,” he added.

Scheduled for October 28-31, 2025, the summit aims to convene global CEOs, leading experts, and senior economic leaders to discuss transformative topics such as energy transition, digital innovation, artificial intelligence and healthcare. Director general of the APEC CEO Summit preparatory office at the KCCI Lee Sung-woo stated that the chamber is actively leveraging its global network to reinforce South Korea’s image as a stable and forward-looking economy.

By highlighting Korea’s economic resilience and its proactive approach to hosting the APEC CEO Summit, the KCCI and its partners are positioning the nation as a key player in shaping the future of regional and global commerce.

A night view of Seoul, South Korea. PHOTO: XINHUA