KCCI Chairman Chey Tae-won: "Mexico is a key economic hub" ... Expanding horizons for Korean business cooperation

[Financial News] Chey Tae-won, chairman of the Korea Chamber of Commerce and Industry (KCCI) and SK Group chairman, said, "Mexico is a key country in Latin America and an important economic hub with excellent access to global markets. If Korea's technological and investment capabilities combine with Mexico's strong manufacturing base and outstanding talent, the possibilities the two countries can create will grow even further." 
At the welcoming remarks of the Korea-Mexico Business Forum, jointly hosted by KCCI, the Mexican Business Council for Foreign Trade, Investment and Technology (COMCE), and the Business Coordinating Council (CCE) at the Mexico City World Trade Center on the 25th, Chey said, "The two countries can create new opportunities in advanced industries and supply chains, grow together in future industries and energy, and bring their markets closer through culture and content." 
Around 300 key figures from the governments and business communities of both countries, including President Lee Jae Myung, attended the forum. Taking advantage of President Lee's state visit, business leaders from the two countries agreed to upgrade their existing manufacturing and supply chain cooperation and broaden its scope to future growth sectors. The Korean delegation included around 150 prominent figures, including KCCI Chairman Chey Tae-won, LG Chairman Koo Kwang-mo, LS Group Chairman Koo Ja-eun, Samsung Electronics President Roh Tae-moon, and Kia President Song Ho-sung. 
Korea and Mexico have steadily strengthened their economic cooperation by expanding trade and investment centered on manufacturing sectors such as automobiles, electronics, and steel. In particular, the combination of Mexico's manufacturing base and market access with Korean companies' technological and investment capabilities has established the two countries as important partners in global supply chains.
As global supply chains are restructured and industrial transformation accelerates, the scope of cooperation is also expanding. Alongside further upgrading existing manufacturing and supply chain ties, there is a growing need to develop new business opportunities in advanced industries, energy, and the cultural and creative industries. 
Chey emphasized, "Business is ultimately conducted by people," adding, "New cooperation can begin when we get to know and trust each other and remember one another over the long term." 
Meanwhile, the forum was held under the theme "Korea and Mexico: Building a New Path to Growth Together." Business leaders from both countries discussed specific cooperation plans to further advance bilateral economic ties in three key areas: advanced industries and supply chains; new industries and energy; and the cultural and creative industries. Memorandums of understanding (MOUs) were also signed in various fields, laying the groundwork for more concrete cooperation in the future. Key outcomes included cooperation in the aerospace industry and investment in automotive materials production facilities, raising expectations that economic cooperation between companies from the two countries will deepen further. 

[email protected] Im Su-bin Reporter