HS Hyosung vice chair highlights private diplomacy at OECD anniversary dinner

HS Hyosung Vice Chairman Cho Hyun-sang has stepped up efforts to promote private-sector diplomacy as Korea marks the 30th anniversary of its membership in the Organization for Economic Cooperation and Development (OECD). Cho delivered congratulatory remarks at a dinner commemorating the anniversary, hosted by the Federation of Korean Industries (FKI) in Seoul Tuesday. He attended as a Korean board member of Business at OECD (BIAC). The event brought together around 80 participants, including OECD Deputy Secretary-General Frantisek Ruzicka, diplomatic representatives from 26 countries and Korean business leaders. They reviewed Korea's economic achievements over the past three decades and discussed ways to expand global economic cooperation. "Korea has reached a point where it can stand firmly on its own as an OECD member, marking a true milestone of ‘irip,’" Cho said, referring to the Confucian concept of becoming self-reliant at the age of 30. He noted that the OECD's corporate governance standards had served as an important guide for the development and globalization of Korean compa