Fifth Meeting of Korea APEC 2025 Organizing Committee

- The first meeting presided over by Acting President and Deputy Prime Minister Choi Sang-mok, who also serves as the Minister of Economy and Finance, reviewed the current preparation status and discussed future plans for APEC 2025 KOREA. -

- Acting President Choi urged ministries, provincial governments, and businesses to cooperate and coordinate as one team to ensure timely and successful preparation. -

1. The fifth meeting of the Korea APEC 2025 Organizing Committee, chaired by Acting President and Deputy Prime Minister Choi Sang-mok, who also serves as the Minister of Economy and Finance, was held in the Government Complex Seoul at 14:00 on Wednesday, January 22, 2025.

※ The "Korea APEC 2025 Organizing Committee" was established in accordance with the "Regulations on the Establishment and Operation of the Organizing Committee and Preparatory Office for APEC 2025 (Presidential Decree No. 459, which took effect on August 17, 2023)."

※ The Committee serves as a major decision-making body, reviewing plans and other key matters pertaining to the APEC Economic Leaders' Meeting (AELM) and other related meetings.

2. Today's meeting, presided over by Acting President Choi Sang-mok for the first time, discussed and reviewed the current preparation status and future plans for the AELM's infrastructure, business events, cultural programs, etc.

3. The Acting President emphasized that the APEC 2025 KOREA provides an important opportunity to witness Korea's elevated international standing and strengthen the trust and support of the global community, as it is one of the largest multilateral diplomatic events hosted in Korea since the G20 Summit in 2010 and the Nuclear Security Summit in 2012.

4. Acting President Choi further urged the Ministry of Foreign Affairs, other relevant ministries, provincial governments, and businesses to communicate and collaborate closely, ensuring the timely and speedy preparations for the AELM and related meetings in the remaining time while maintaining readiness in the face of any domestic or international challenges.

5. The participants underscored the necessity of seamless preparations for key infrastructure, such as meeting venues and accommodations, as well as the participation of leaders of major economies and prominent global business leaders. The participants also agreed to work in close coordination to ensure the successful hosting of the 2025 APEC KOREA.

6. Meanwhile, Korea took its first step as the host economy by successfully hosting the Informal Senior Officials' Meeting (ISOM) in Seoul last December. This year, alongside the AELM in Gyeongju, around 200 meetings at various levels and across diverse sectors will be held nationwide. During the APEC Economic Leaders' Week (AELW), the CEO Summit and the APEC Business Advisory Council (ABAC) meeting, featuring leading global business leaders, will also take place.

※ Senior Officials' Meetings (SOMs) and sectoral ministerial meetings will be held in Gyeongju (from February to March), Busan (in April and August), Jeju (in May), and Incheon (from July to August), leading up to the AELW, during which the Concluding Senior Officials' Meeting (CSOM), the APEC Ministerial Meeting (AMM), the AELM, and business events will be held.

7. Acting President Choi Sang-mok stressed the significance of business events in facilitating meaningful business networks for domestic companies. He further called for active engagement from the private sector, particularly recognizing the leadership of Chairman Chey Tae-won of the Korea Chamber of Commerce and Industry (KCCI) and Vice Chairman Cho Hyun-sang of HS Hyosung Group in leading the relevant events.

8. Building on the outcome of today's meeting, the government will carry out meticulous preparations for the AELM, which will be hosted for the first time in 20 years in Korea, to ensure that it becomes a magnificent economic and cultural event, driving regional economic cooperation while highlighting Korea's outstanding culture on the global stage.

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