Home / Knowledge / News / Dr. Sakong Il becomes new chairman of KITA
Dr. Sakong Il becomes new chairman of KITA
06
Apr '09
Dr. Sakong Il, former chairman of Presidential Council on National Competitiveness, who is a key advisor to the economic policies of President Lee Myung-bak, took office as the chairman of the Korea International Trade Association (KITA) and is set to lead Korea's export industry, which is faced with emergency situation due to global economic recession.

KITA elected Dr. Sakong Il as its 27th chairman through the regular general meeting held in COEX in Seoul.

The inauguration of the new chairman Sakong Il implies that people around the trade industry feel the need for new leadership that will strengthen KITA's function of supporting exports armed with a wide range of experience in politics, the government and academia and global perspective in order to tide over the extremely sluggish exports.

Given the significant roles Dr. Sakong Il has played such as the chairman of Presidential Council on National Competitiveness, President's special advisor on economy and the head of the G-20 coordinating committee, it is expected that the status of KITA as the center of 65,000 trading companies. KITA, however, is also facing a difficult task of reviving exports, which are shrinking since November last year due to the worsened global economic condition.

The new chairman Sakong Il said in his inauguration speech that the world economy has fallen into the most serious recession since 1930's and that he will do his best to overcome the current crisis at a time when advanced nations are experiencing simultaneous recessions and even China's economic growth is slowing down, worsening the trade environment. Chairman Sakong Il cited resolving difficulties related to trade, taking a leading role in trade cooperation and creating new growth engines for Korea's new leap forward as the areas that KITA will focus on in the future.

He said that he will identify difficulties and problems related to trade more carefully and resolve them as soon as possible by closely cooperating with the government and added that he will seek ways to support trade businesses, which can help them both directly and indirectly.

Chairman Sakong Il also said that KITA will take a leading role in private trade cooperation for early conclusion of Doha Development Agenda, early ratification of the Korea-US Free Trade Agreement and the Korea-EU Free Trade Agreement.

He went on to say that in order for Korea's trade to make another leap forward, it has to create knowledge-based future industry and businesses related to low carbon green growth and develop them into exporting businesses and that KITA will take the lead in laying institutional and policy-related foundation.

And through the general meeting, which some 800 representatives of trade businesses attended, KITA confirmed its 2009 business plans: supporting exports such as exports to Japan and expansion of agricultural products; financially supporting small and medium-sizedbusinesses and supporting trade on the field such as boosting trade in local provinces; supporting the development of strategic businesses into exporting businesses; nurturing next generation human resources in trade; establishing local trade centers.

Korea International Trade Association (KITA)


Must ReadView All

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

BIDA’s Europe trip to showcase a different Bangladesh

Apparel/Garments | On 19th Apr 2018

BIDA’s Europe trip to showcase a different Bangladesh

The Bangladesh Investment Development Authority (BIDA) is taking a...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search