Welcoming leaders from more than 80 countries

Yong Sung Park, of the Korea Chamber of Commerce and Industry, welcomed chamber leaders from more than 80 countries to the 2nd World Chambers Congress in Seoul, and highlighted globalization and digitalization as the basic requirements for success in business today.

Mr Park called on chambers to help feed the need of business worldwide for increased global cooperation and the lowering of national barriers to free trade. “Together, a global network of chambers can realize hops and tackle problems much more effectively than if individual chambers tried to survive alone” he said.

How the World Chambers Federation got its name

Avijit Mazumdar, then Chairman of ICC's International Bureau of Chambers of Commerce (IBCC), announced a change of name from IBCC to ICC's World Chambers Federation. He said the new name reflected the global flavour of the organization’s present activities, structure, and its designs for the future. He also announced the decision of the locations for the following 2003 and 2005 Congresses, ensuring that the first four World Chambers Congresses covered the chamber communities on the continents of Europe, Asia, America and Africa.

The age of the "global village"

Korean President Kim Dae-Jung attended the Congress and said that the age of the “global village” had arrived. He asked those present to make a special effort to help establish an orderly international trade system and to step up international cooperation.

“Each nation’s economy has become interlinked with those of all other nations,” he said.

Korea Chamber of Commerce and Industry

The Congress was hosted by the Korea Chamber of Commerce and Industry (KCCI),
the nation's largest private economic organization. KCCI encompasses more than 70 regional chambers and approximately 120,000 members from all parts of the Korean economy. Since its establishment in 1884, it has been contributing significantly to growth and development of the national economy, and also to enhancement of Korea's status in the international community. The major objective of KCCI is to promote improvement and development in Korea's commerce and industry, for the sound growth of the national economy.

For more information on KCCI:
Contact: Young-joon LEE , Deputy Director
Telephone: +(82-2) 6050 3541
E-mail: 06340@korcham.net
Website: www.korcham.net