OKA News
The Overseas Koreans Agency (Commissioner Lee Key-cheol) held the 45th Operational Committee of the World Korean Business Convention at Booyeong Songdo Tower in Yeonsu Ward, Incheon, on Dec. 7 and selected Jeonju city of North Jeolla Provice, the site for the 22nd World Korean Business Convention in 2024. The committee, held both online and offline, reviewed the hosting plan, feasibility and on-site inspection of the three candidates -- Jeonju, Incheon and Jeju -- and made the decision through a vote. The World Korean Business Convention, held every year since 2002 to help domestic small and midsized businesses advance overseas, gathers Korean businesspeople from overseas and from Korea to create business opportunities and foster a global network. The committee selected Kim Woo-jae, chairman of Indonesia’s Mugunghwa Distribution Group, as the president of the 2024 convention. Kim, who also served as the president of the World Federation of Overseas Korean Traders Association, founded a business in Indonesia in 1978 and grew Mugunghwa Distribution into a group encompassing food, trade, tourism and construction. Discussions regarding the overall planning and operation of the 2024 convention will be decided at the 46th Operational Committee to be held in China in the first half of this year.