Global Business Leaders Convene in Rome to Strengthen Korea-Italy Partnership
A high-level business roundtable, held in Rome on June 12th, brought together prominent Korean and Italian business leaders to foster enhanced cooperation between the two nations. The event coincided with the official visit of the President of South Korea to Italy, underscoring the strategic importance of this bilateral economic dialogue.
Samsung’s Vision for Italy and Technological Synergy
Lee Jae-yong, Chairman of Samsung Electronics, emphasized Italy’s special significance to Samsung, stating, “Italy is a special country for Samsung.” He highlighted Italian design, citing the Milan Furniture Fair as a source of inspiration. Chairman Lee also noted that Samsung’s Chief Design Officer is of Italian origin. He expressed optimism about expanding collaboration in advanced industries, envisioning a powerful synergy between Italy’s scientific prowess and South Korea’s technological innovation.
LS Group Focuses on Infrastructure and R&D
Koo Ja-eun, Chairman of LS Group, shared insights into the company’s strategy, including its recent establishment of a research and development center in Milan. He detailed LS Group’s ongoing technical partnerships with Italian firms and its commitment to expanding collaboration in the energy infrastructure sector, particularly focusing on Italy’s strategic position as a hub connecting North Africa and Europe.
Hyosung Explores Sustainable and Energy Sectors
Cho Hyun-joon, Chairman of Hyosung Group, referenced various successful collaborations with Italian companies in sectors ranging from fashion to finance. He expressed Hyosung’s intention to further expand partnerships in eco-friendly materials and energy infrastructure, contributing to the economic development of both nations.
Samyang Foods Eyes Joint Innovation in Culinary Fields
Kim Jung-soo, Chairman of Samyang Foods, spoke about Italy’s rich culinary heritage, calling it the “homeland of pasta.” He suggested potential collaborative research and development efforts between Samyang Foods and Italian companies to enhance the quality and taste of both Korean ramyeon and Italian pasta products.
Ferrari CEO Praises Korea’s Innovative Spirit
Benedetto Vigna, CEO of Ferrari, lauded South Korea as a market that offers “unending inspiration.” He expressed a desire for collaboration with Korean companies beyond traditional luxury car markets, focusing on joint research and development in areas such as electrification and digitalization.
Italian Industry Leaders Seek Deeper Partnership
Italian business representatives also voiced enthusiasm for closer ties. The CEO of Fincantieri, a major shipbuilding and marine engineering company, expressed hope for increased collaboration with Korean firms in areas such as cruise ships, naval vessels, and next-generation naval systems, as well as eco-friendly ship designs. He described Korean companies as valuable partners for innovation, even as competitors.
President Emphasizes Shared Values and Future Growth
Following the business leaders’ remarks, the President of South Korea stressed the importance of solidarity and cooperation among nations that share common values during a period of significant global change. He expressed anticipation for the joint development of South Korea and Italy amidst evolving world order and highlighted the crucial role of businesses in this process.
Post-Event Discussions and Policy Recommendations
After the roundtable concluded, the President held a follow-up meeting with Korean business representatives to express gratitude for their participation. The President encouraged proactive engagement with the government, urging businesses to directly submit policy recommendations to the Presidential office for issues that are difficult to address at an individual company level.
