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First Korea-Cuba business conference in Havana
In cooperation with KOTRA (Korea Trade-Investment Promotion Agency), FKI and the Cuban business community hosted the 1st Korea-Cuba private conference on economic cooperation in Havana, Cuba. The participants sought areas of cooperation in electric power, energy, biomedicine and food. The gathering was the first of its kind in 57 years since the bilateral relations were ruptured in 1959 by the socialist revolution in the meso-American country.
In his opening address, FKI Chairman Chang Soo Huh in his capacity as head of the delegation said, "Although we have not yet established diplomatic relations, today's meeting bears a great significance in that it would serve as the first private channel for economic cooperation. The bilateral committee, I assure you, will play a leading role in promoting our cooperation in the future."
Chairman Jang Han Rhee of Chong Kun Dang Pharmaceutical Corp., chairman of the Korean chapter of the committee, predicted that cooperation with Cuba which has world-class medical bio technologies will bring advances in Korea's medical bio industry. In his acceptance speech, Lee asked business leaders of both sides to share information on business opportunities with high future growth potential and work closely to enhance the understanding of each other as cultural and business partners."
FKI, local governments ink MOUs on child care
FKI and the Community Chest of Korea signed MOUs with 12 local governments on the 2016 Bodeumi Nanumi (or caring and sharing) child care center project at the FKI Tower Conference Center on October 26. The project is designed to build 101 child care centers across the nation.
The council of FKI chairman and deputy chairmen decided to launch the project in November, 2008, to build 100 facilities from 2008 to 2016. It was aiming at providing the people in the low income bracket with a quality child care environment and dealing with low fertility.
In his address at the signing ceremony, FKI Chairman Chang Soo Huh said, "We have been able to achieve our goal of building 100 centers thanks to enthusiasm and support of local governments, the National Assembly and businesses." "The business community will be in the forefront of ushering the nation to the future and solving social issues in the days to come," he added.
FKI dinner marks 20th anniversary of Korea's accession to OECD
FKI held a dinner meeting in commemoration of the 20th anniversary of Korea's accession to the OECD on October 24. The event, hosted by FKI Chairman Chang Soo Huh, was attended by 100-odd dignitaries, including directors of the OECD-Business and Industry Advisory Committee (BIAC), ambassadors and business leaders.
In his welcoming address, Chairman Huh pointed out, "Since we jointed the OECD, the scale of our economy has grown more than twice and exports have quadrupled. Today, however, we are faced with a business slump." "For the global economy to survive, it is imperative to create a favorable business environment in which businesses of the OECD members can focus on their own job. The commitment of the BIAC is crucial in this process," he asserted.
26th meeting of Korea-Japan business leaders
FKI and Keidanren (Japan Business Federation) jointly hosted the 26th meeting of Korea-Japan business leaders in Seoul on October 10. The participants shared a need for closer cooperation in preventing natural disasters.
Welcoming the fact that Korea and Japan have been in the process of restoring stable relations since the summit between President Geun Hye Park and Prime Minister Shinzo Abe in November last year, business leaders from both sides agreed to take the lead in improving bilateral ties in politics and diplomacy.
The attendees of the meeting also agreed to work on concrete ways for jointly advancing into third countries. To share information on successful cases of the past and enhance the understanding of the systems supporting joint advancement into third countries, both delegates decided to hold a seminar in Seoul next spring.
To successfully host the Winter Olympics in Pyeongchang and Tokyo Olympics to be held back-to-back in 2018 and 2020, the business leaders felt the need to further deepen private-level cooperation especially in tourism. To work out low fertility which the two countries have in common, they focused on exchanging human resources including youths as a feasible breakthrough.
Chairman Huh visits sister village in Yangyeong
FKI Chairman Chang Soo Huh visited the federation's sister village with slash-and-burn fields in Yangpyeong, Gyeonggi-do, on September 7. Huh joined the farmers in harvest and asked the general public to buy more native agricultural products. He especially called on the members of the federation to purchase more Korean agricultural products as gifts for Chuseok. Together with the residents of the village, the chairman also made lotus-leaf rice and halfmoon-shaped rice cakes with newly harvested rice which had been grown by an eco-friendly farming method using fresh snails. Chairman Huh made a donation for the village's annual harvest feast.