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  • 11th Seoul International Business Advisory Council to Hold General Assembly

  • Integrated News SMG 3358

    The Seoul Metropolitan Government will hold the General Assembly of the Seoul International Business Advisory Council (SIBAC), during which the City Government will seek advice from global CEOs on how to readjust its strategies to join the league of Global Top 5 cities, cultivate future growth engine industries that will assure the success of Seoul’s future, and create jobs. The meeting will take place at the Westin Chosun Seoul (Hotel) in Sogong-dong, Jung-gu, Seoul, on October 27.

    2010 SIBAC General Assembly (October 7, 2010) , 2010 SIBAC General Assembly (October 7, 2010)

    SIBAC, an economic policy advisory body for Seoul’s mayor, was established in 2001 to obtain comprehensive policy advice, including economic and investment matters, from global business leaders to expedite the development of Seoul City. The Council is a world-class assembly of economic gurus comprising 21 members and four advisors.

Keynote speech at the 2010 SIBAC General Assembly -        Steven Green, Chairman of HSBC, Dominic Barton, Global Chairman of Mckinsey & Company, meets with Seoul Mayor Oh Se-hoon (July 5, 2011)

    The SIBAC General Assembly, which marks its 11th event this year, will be held under the theme of “Defining Seoul’s Competitiveness as a Global City in a Dynamic World.” The meeting will focus on discussions about the current situation of Seoul as an education and R&D center and medical hub, and on ways to advance them, thereby enabling the City Government to adopt them in the city administration.

    Notably, the General Assembly will introduce to SIBAC members the “2020 Smart Economic City, Seoul,” the Government’s first master plan in the field of economy aimed at “achieving $40,000 in per-capita GRDP within 10 years,” as announced recently by Seoul Mayor Oh Se-hoon.

    Dominic Barton, 50, Global Chairman of Mckinsey & Company, who has world-class professional knowledge and insight on Seoul, will deliver a keynote speech and give his views on the “urban competitiveness of Seoul.”

    Meanwhile, the City Government will recruit personnel for an organizing agency to organize the General Assembly by August 5.

    The City Government will evaluate proposals from vendors through its Proposal Assessment Committee, which will select a preferred negotiating partner and announce the successful vendor after negotiations in August.

    For further details, please visit the Seoul Metropolitan Government’s Website at (www.seoul.go.kr), or dial the City Government’s International Cooperation Division (+82-2-3707-9351, 9366).