Hankyung Association Hosts Meeting Inviting 'Seoul Foreign Correspondents Club'

Chairman Ryu Jin Delivers Presentation on the Role of Hankyung Business Association

The Korea Economic Association held a Seoul Foreign Correspondents' Club (SFCC) meeting at the Seoul Press Center on the 21st. SFCC is an organization founded in 1956 by nine foreign correspondents, and as of this month, it has 295 members affiliated with 96 media outlets from 17 countries.

[Image source=Yonhap News]

About 30 correspondents stationed in Seoul from Bloomberg (USA), The Economist (UK), People's Daily (China), Asahi Shimbun (Japan), and others attended the meeting. Ryu Jin, chairman of the Korea Economic Association, gave a presentation on the topic of 'The Role of the Korea Economic Association Amid Rapidly Changing International Situations.'

Chairman Ryu pointed to protectionism as the most notable change in the international situation, explaining, "Given the high external dependency of the Korean economy, a deterioration in trade conditions could have a negative impact on the overall economy." As countermeasures, he proposed improving laws and systems to align with global standards and diversifying supply chain risks.

Regarding the role of the Korea Economic Association, he stated, "We plan to significantly strengthen our response capabilities to international issues and effectively support the management activities of member companies." He also said, "We will establish regular exchange platforms such as Korea-US-Japan and Korea-China-Japan business dialogues," and "We will take the lead in supporting the expansion of our companies' external cooperation networks."