Chairman Son Kyung-sik Meets Chinese Economic Groups: "Let's Increase Exchange of Technology and Talent in Advanced Fields"

Son Kyung-sik, Chairman of the Korea Employers Federation, visited major economic organizations and research institutes in Beijing, China, for three days starting from the 6th to discuss ways to strengthen economic cooperation between the two countries.

Chairman Son met with Shang Fulin, Vice Chairman of the China International Council for the Promotion of Multinational Corporations (CICPMC), and Bi Jingquan, Vice Chairman of the China Center for International Economic Exchanges (CCIEE), stating, "Korea and China are important economic partners who have achieved remarkable economic growth based on complementary industrial structures."

Chairman Sohn Kyung-shik of the Korea Employers Federation is talking with Minister Lee Young of the Ministry of SMEs and Startups at the Korea Employers Federation Forum held at the Chosun Hotel in Jung-gu, Seoul on the 29th. Minister Lee gave a lecture on the topic "Discussing the 2023 Policies of the Ministry of SMEs and Startups" at the forum. Photo by Yoon Dong-joo doso7@

CICPMC is an economic organization for investment consultation and exchange cooperation among multinational corporations within China. Vice Chairman Shang Fulin is a minister-level figure who previously served as Chairman of the China Securities Regulatory Commission. CCIEE is an economic organization for international exchange cooperation and policy consultation, and Vice Chairman Bi Jingquan concurrently serves as Deputy Director of the Economic Committee of the Standing Committee of the Chinese People's Political Consultative Conference.

The Korea Employers Federation agreed to carry out joint projects with CICPMC to increase private exchanges between companies of the two countries. Chairman Son said, "In a situation where global economic uncertainties are increasing due to interest rate hikes and geopolitical instability, companies from both countries should contribute together to stabilizing the supply chain not only in the Northeast Asia region but also globally," adding, "We must expand exchanges of technology and personnel in advanced fields such as artificial intelligence (AI) and robotics to jointly seek new growth engines."

Chairman Son also met with Lu Hao, Director of the Development Research Center of the State Council (DRC) of China, to exchange views. Son said, "As the integration of manufacturing and services is rapidly progressing in China and online platforms and the digital economy are rapidly emerging, Korean and Chinese companies should continue communication in various ways."