Chae­bol heads to flock to Davos

The Korea Times - - FRONT PAGE - By Nam Hyun-woo [email protected]­re­

A slew of busi­ness heavy­weights will head to Davos, Switzer­land, to make ap­pear­ances at this year’s World Eco­nomic Fo­rum, ac­cord­ing to in­dus­try of­fi­cials, Mon­day. They are ex­pected to share their thoughts on the rapidly chang­ing global busi­ness en­vi­ron­ment with lead­ing schol­ars and ty­coons.

The fo­rum, bet­ter known as the Davos fo­rum, is sched­uled to hold its an­nual meet­ing from Jan. 22 to 25, un­der the theme of “Glob­al­iza­tion 4.0: Shap­ing a Global Ar­chi­tec­ture in the Age of the Fourth In­dus­trial Rev­o­lu­tion.”

Ac­cord­ing to of­fi­cials, Davos fre- quenter SK Group Chair­man Chey Tae-won will at­tend this year’s edi­tion.

Chey has been mak­ing ap­pear­ances at the fo­rum al­most ev­ery year since 1998. Last year, a num­ber of SK unit pres­i­dents and ex­ec­u­tives, in­clud­ing his brother and SK Hold­ings Ex­ec­u­tive Vice Chair­man Chey Jae-won, ac­com­pa­nied the chair­man at the fo­rum. At least three unit heads will ac­com­pany him this year.

“This year, Chey is ex­pected to fo­cus on net­work­ing and meet­ing with global busi­ness lead­ers, es­pe­cially those from the bio sec­tor, given his re­cent fo­cus is on biotech­nol­ogy,” an SK of­fi­cial said.

Han­wha Group will also send its two young heirs to the Davos fo­rum — Han­wha Q Cells Chief Strat­egy Of­fi­cer Kim Dong-kwan and his younger brother Han­wha Life In­no­va­tion Cen­ter Head Kim Dong-won.

The older Kim has been at­tend­ing the fo­rum since 2010 and the younger Kim has been join­ing him since 2016. At last year’s meet­ing, the for­mer dis­cussed the lat­est up­dates in avi­a­tion tech­nolo­gies stem­ming from the Fourth In­dus­trial Rev­o­lu­tion.

Along with the owner fam­ily brothers, Han­wha Aero­space CEO Shin Hyun-woo and Han­wha As­set Man­age­ment CEO Kim Yong-hyun will head to Davos and ex­plore fu­ture op­por­tu­ni­ties for the group, ac­cord­ing to a Han­wha Group of­fi­cial.

KT Chair­man Hwang Chang-gyu will at­tend the fo­rum for the sec­ond con­sec­u­tive year.

Ear­lier this month, Hwang was in­vited to the In­ter­na­tional Busi­ness Coun­cil (IBC), which will take place on the oc­ca­sion of the Davos fo­rum.

The IBC is an in­ter­ac­tive com­mu­nity of 100 in­flu­en­tial chief ex­ec­u­tives from all in­dus­tries to dis­cuss glob­ally rel­e­vant busi­ness is­sues. Hwang was rec­og­nized for his sug­ges­tion to build a global epi­demic pre­ven­tion plat­form utiliz­ing in­for­ma­tion and com­mu­ni­ca­tions tech­nol­ogy.

SK Group Chair­man Chey Tae-won

KT Chair­man Hwang Chang-gyu

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