FKCCI-Business Administration Society, 'Entrepreneurship Resolution' on the 19th
Huh Chang-soo, Chairman of the Federation of Korean Industries, attended the "29th Korea-Japan Business Meeting" held on the 4th at the Federation of Korean Industries building in Yeouido, Seoul, delivering opening remarks. Photo by Kang Jin-hyung aymsdream@
[Asia Economy Reporter Moon Chaeseok]
"South Korea's entrepreneurship index ranks 27th out of 37 OECD countries, placing it near the bottom. Among middle and high school students, the most desired occupations are teachers, doctors, and public officials, while entrepreneurs rank only within the top 10. The greatest driving force behind business growth is entrepreneurship."
Huh Chang-soo, Chairman of the Federation of Korean Industries (FKI), emphasized this in his greeting at the 'National Launch Ceremony for the Spread of Entrepreneurship in Korea,' jointly hosted by the FKI and the Korean Academic Society of Business Administration at the FKI Hall in Yeouido, Seoul, on the 19th. He stated that youth startups should be revitalized and entrepreneurship should be spread nationwide to achieve balanced regional development.
The launch ceremony was held with the purpose of sharing the recognition nationwide that entrepreneurship is the best solution for Korea's economic growth amid concerns of a global economic downturn. The FKI and the Business Administration Society signed a memorandum of understanding to promote the nationwide spread of Korean entrepreneurship.
The two organizations agreed to cooperate on linking entrepreneurship education programs and developing joint projects, researching, surveying, and developing policies on regional entrepreneurs' entrepreneurship, and supporting related initiatives, contributing to regional and national economic development through collaboration. They decided to sign agreements and work at the national level, with the society's eight regional chapters and local chambers of commerce and industry working at the regional level. The society's chapters plan to research the entrepreneurship of first-generation founders from each region, discover and promote new cases, and implement projects to spread entrepreneurship locally.
A message emphasizing the need to revive the entrepreneurship spirit of the 1960s and 1970s was also delivered at the launch ceremony. Han Sang-man, President of the Business Administration Society, said in his greeting, "Most experts say that the 1960s and 1970s were the periods when South Korea's entrepreneurship was at its highest. We will find the roots of the entrepreneurship shown by early founders and, through research connecting it to the new entrepreneurship required by today's era, lay the groundwork for nurturing the next generation of entrepreneurs."
At the ceremony, National Assembly member Ahn Cheol-soo said in his greeting, "I hope that this launch ceremony will help expand entrepreneurship further, assist in producing young entrepreneurs, and that many businesspeople will interact and continue to promote a free market economy." Professor Emeritus Cho Dong-sung of Seoul National University said in his congratulatory speech, "If companies are the heart of capitalism, entrepreneurship is the blood of capitalism."
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