Hyundai to sponsor Korea-U.S.-Japan dialogue on democracy, economic development

Industry

Hyundai to sponsor Korea-U.S.-Japan dialogue on democracy, economic development

Published: 03 Sep. 2024, 16:12 Updated: 03 Sep. 2024, 17:43

SARAH CHEA
chea.sarah@joongang.co.kr

Hyundai Motor Group Executive Chair Euisun Chung delivers a New Year message at Kia's AutoLand in Gwangmyeong, Gyeonggi, on Jan.3. [HYUNDAI MOTOR]

Hyundai Motor Group said Tuesday that it will sponsor the upcoming trilateral dialogue among Korea, the United States and Japan in Seoul that will bring together over 100 politicians and business leaders for a deep talk on promoting democracy and economic development.

The second edition of the Trilateral Executive Dialogue (TED), which kicks off on Wednesday, invites figures in politics and business to discuss ways to seek mutual growth and increase national security.

Organized by five international think tanks including the Woodrow Wilson Center, the Hudson Institute and the Indo-Pacific Forum, the second round of talks is set to open at the Grand Hyatt Seoul in Yongsan District, central Seoul, with discussions on various topics like strategic trade and investment and energy cooperation.

Hyundai's sponsorship of this year's gathering is the automaker's second after sponsoring the first, which was held in San Francisco last year.

More than 100 politicians and business leaders will join the dialogue including Korea's Minister of Foreign Affairs Cho Tae-yul, Trade Minister Cheong In-kyo, Hyundai Motor Group Executive Chair Euisun Chung, Ryu Jin, chairman of the Federation of Korean Industries who also serves as the chairman of Poongsan Group, HD Hyundai Vice Chairman Chung Ki-sun, Yu Jeong-joon, vice chairman of SK On, and LG Corp. President Hong Bum-shik.

The U.S. delegation consists of seven U.S. senators including Republican Bill Hagerty of Tennessee and Democrat Chris Coons of Delaware as well as Morgan Ortagus, a former spokesperson in the Trump administration, U.S. Ambassador to Seoul Philip Goldberg, Alex Rogers, president of Qualcomm and Harold Hamm, founder and executive chairman of Continental Resources.

“I am excited to participate in the second annual TED in Seoul that will bring together private and public sector leaders from the U.S., Japan, and the Republic of Korea," Hagerty said. "I'd like to thank Chung's leadership for sponsoring the event."

From Japan, various business magnates including executives of Toyota Motor, Denso and Nippon Telegraph and Telephone will join.

Hyundai will provide Genesis cars to transport the participants as well as various traditional Korean cultural experiences like hansik, or Korean food, gukak, or Korean traditional music, and the Korean housing style of hanok.

BY SARAH CHEA [chea.sarah@joongang.co.kr]