ID :
63424
Sun, 05/31/2009 - 12:17
Auther :
Shortlink :
https://www.oananews.org//node/63424
The shortlink copeid
S. Korean, ASEAN CEOs gather to advance regional prosperity
JEJU, May 31 (Yonhap) -- Business leaders from South Korea and the Association of
Southeast Asian Nations (ASEAN) launched talks Sunday to find ways to overcome
current economic challenges and promote regional prosperity.
The two-day CEO gathering, timed to coincide with the South Korea-ASEAN special
summit on the resort island of Jeju, involves 700 businessmen from both sides,
the Ministry of Knowledge Economy said.
Titled "Change, Challenge, and Collaboration for ASIA's Prosperity," the meeting
touches on four main issues: the global economy, trade and investment activities
and co-prosperity, corporate strategies in the face of the changing business
environment, and eco-friendly growth.
"The CEO summit is expected to cap 20 years of growth in trade and investment and
open a new chapter to expand ties in next generation 'green' development areas
that can enhance the quality of cooperation to the next level and benefit all
parties," a government official said.
A special session for individual ASEAN leaders to meet South Korean businessmen
is also scheduled, as well as an event called "Korea's Business Environment and
Opportunities" to highlight Seoul's efforts to attract foreign direct investment,
the ministry in charge of the business gathering said.
The sessions are expected to allow ASEAN leaders to hold direct talks with South
Korean entrepreneurs to explore expanded business-to-government opportunities and
to discuss the potential participation of local companies in future development
projects.
Besides the gathering in Jeju, the ministry said a separate project-oriented
meeting will be held in Seoul on Tuesday to exchange information on prospective
business opportunities taking place in Southeast Asia.
Roughly 200 South Korean and six ASEAN companies are to take part in the Seoul
meeting that will focus on 11 potential projects worth just under US$6.3 billion.
These cover reusable energy power generation work being considered by the
Philippines and a port construction endeavor pursued by Vietnam.
The ministry in charge of the country's industrial policies and trade promotion
stressed that expanding bilateral cooperative tie-ups with the 10-member ASEAN
countries has become increasing important for Seoul in recent years.
In 2008, bilateral trade reached $90.2 billion or 10.5 percent of South Korea's
total external transactions in the year, up from just $8.2 billion in 1989. Last
year, South Korean companies exported $49.3 billion worth of goods while
importing $40.9 billion for a surplus of around $8.4 billion.
Local companies have invested $5.9 billion into ASEAN countries as part of
efforts to diversify operations and manufacturing bases.
yonngong@yna.co.kr
(END)
Southeast Asian Nations (ASEAN) launched talks Sunday to find ways to overcome
current economic challenges and promote regional prosperity.
The two-day CEO gathering, timed to coincide with the South Korea-ASEAN special
summit on the resort island of Jeju, involves 700 businessmen from both sides,
the Ministry of Knowledge Economy said.
Titled "Change, Challenge, and Collaboration for ASIA's Prosperity," the meeting
touches on four main issues: the global economy, trade and investment activities
and co-prosperity, corporate strategies in the face of the changing business
environment, and eco-friendly growth.
"The CEO summit is expected to cap 20 years of growth in trade and investment and
open a new chapter to expand ties in next generation 'green' development areas
that can enhance the quality of cooperation to the next level and benefit all
parties," a government official said.
A special session for individual ASEAN leaders to meet South Korean businessmen
is also scheduled, as well as an event called "Korea's Business Environment and
Opportunities" to highlight Seoul's efforts to attract foreign direct investment,
the ministry in charge of the business gathering said.
The sessions are expected to allow ASEAN leaders to hold direct talks with South
Korean entrepreneurs to explore expanded business-to-government opportunities and
to discuss the potential participation of local companies in future development
projects.
Besides the gathering in Jeju, the ministry said a separate project-oriented
meeting will be held in Seoul on Tuesday to exchange information on prospective
business opportunities taking place in Southeast Asia.
Roughly 200 South Korean and six ASEAN companies are to take part in the Seoul
meeting that will focus on 11 potential projects worth just under US$6.3 billion.
These cover reusable energy power generation work being considered by the
Philippines and a port construction endeavor pursued by Vietnam.
The ministry in charge of the country's industrial policies and trade promotion
stressed that expanding bilateral cooperative tie-ups with the 10-member ASEAN
countries has become increasing important for Seoul in recent years.
In 2008, bilateral trade reached $90.2 billion or 10.5 percent of South Korea's
total external transactions in the year, up from just $8.2 billion in 1989. Last
year, South Korean companies exported $49.3 billion worth of goods while
importing $40.9 billion for a surplus of around $8.4 billion.
Local companies have invested $5.9 billion into ASEAN countries as part of
efforts to diversify operations and manufacturing bases.
yonngong@yna.co.kr
(END)
