Hanwha Chairman Kim Seung-youn meets Heritage Foundation founder Edwin Feulner

Hanwha Group Chairman Kim Seung-youn, far left, pose with Edwin Feulner, founder of The Heritage Foundation, and his third son Kim Dong-seon after a meeting on Wednesday. [HANWHA]

Hanwha Group Chairman Kim Seung-youn met with Edwin Feulner, founder of the U.S. conservative think tank The Heritage Foundation, to discuss the economic challenges that will follow Russia's invasion of Ukraine.

In a dinner on Wednesday, the two shared opinions about an array of issues including soaring prices of raw materials, rising energy costs and ways to strengthen bilateral relations between the United States and Korea.

The meeting lasted about two hours and included Hanwha Hotels and Resorts managing director Kim Dong-seon, the third son of Chairman Kim.

Feulner was visiting Korea to attend a conference on ongoing geopolitical risks.

Hanwha’s Kim has known Feulner for more than 40 years, and they regularly have meetings.

In a statement, Hanwha said that its chairman occasionally has had discussions with prominent leaders and academics to gain insights for management.

In March, Kim met with former U.S. Vice President Mike Pence to discuss ways to improve relations between Korea and the United States.

Feulner was a founding Trustee of the Heritage Foundation in 1973 and served as president of the institution from 1977 to 2013 and again from 2017 to 2018.

BY PARK EUN-JEE [park.eunjee@joongang.co.kr]