Seoul Mayor Oh Se-hoon gave a wholehearted welcome to the consultative bodies from home and abroad which gathered in Seoul for the Seoul International Business Advisory Council’s general meeting.
This year’s meeting entitled “The Asian Century: City of Seoul, Major Opportunities & Major Challenges, “brought together about 300 leading business leaders and economic experts from all over the world. Richard Smith, chairman of U.S.-based “Newsweek” and Nobuyuki Koga, president and chief executive officer of both Nomura Holdings, Inc. and Nomura Securities Co. were a couple of the high-profile participants.
Stephen Green, the HSBC Chairman who is to become UK trade minister in January, captivated the audience with his keynote speech on Korea’s stable position in the global economy, the country’s strengths and future challenges.
The panel discussion sessions of the convention included such topics as future reform strategies to boost the competitiveness of Seoul’s industries in Asia, and Seoul’s growth strategy through “gender mainstream” in the future knowledge-based society.
In his welcoming speech, Mayor Oh expressed gratitude towards the Seoul International Business Advisory Council for serving as an indispensable platform throughout the past 10 years, holding productive discussions on diverse strategies to improve the competitiveness of Seoul. While noting that SIBAC contributed to Seoul’s achievement in entering the ranks of the top 10 global cities, the mayor cited the city’s next step of being ranked among the top five.
The Korean capital established SIBAC in 2001 to act as a policy advisory body for the Seoul mayor comprised of global business leaders. The annual general meeting is held once in October or November and the discussion topics chosen each year are based on the advice needed by the mayor.
The Seoul Metropolitan Government stated that SIBAC, comprised of 23 committee members and five advisory members, is a globally recognized economic body.