Event Details

Shifting Supply Chains: Redefining Strategies for Success in Korea


Against the backdrop of the covid-19 pandemic geopolitical events, such as the war in Ukraine and US-China tensions, have created uncertainty for businesses. In response to the resulting supply disruptions, and in anticipation of a slowdown in trading activity in 2023, businesses are focused on enhancing their resilience for the longer term with the aim of insulating themselves from future shocks.


As China takes a stricter approach to corporate concerns, such as data privacy and financial dividends, executives say that the mood is tenser than ever. Since the spring, Chinese officials have searched the offices of consultancies Capvision and Bain and they have detained employees from Mintz, an American due-diligence firm, and Astellas, a Japanese pharmaceutical company. This has prompted an unprecedented capital outflow from China, estimated at $755 billion in 2023 by EIU. Meanwhile, some Korean companies, shaken by Lotte's treatment over the THAAD deployment in 2017 have long been looking for ways to reshore or diversify their supply chains. As just one example, Samsung Electronics' workforce in China has shrunk 49 percent from 2017 to the end of 2022.


How are businesses in Korea responding? Are they reshoring, near-shoring, or friend-shoring? Is investment returning inward to Korea or to emerging economies such as Vietnam or India? Korea still offers important economic and political advantages that may entice some companies, especially Western firms, to move here.


Join us at this event where we will bring together a panel of experts from key sectors to discuss how companies operating in Korea may stand to benefit from the shifting supply chains in the region.

Agenda

6:00 PM - 6:20 PM
Registration and networking
6:20 PM - 7:30 PM
Panel dicussion and Q&A
7:30 PM - 9:30 PM
Standing dinner and cocktails

Speakers

  • Michel Zwanenburg (Executive Vice President at Seoul Semiconductor)

    Michel Zwanenburg

    Executive Vice President at Seoul Semiconductor

    Michel Zwanenburg is Executive Vice President at Seoul Semiconductor, with responsibility for sales for the division that focuses on LEDs for display-related markets. He is based at Seoul Semiconductors’ global headquarters in Ansan, from where he oversees their global business, which involves dealing with many of the largest consumer electronics and automotive brands in the world and managing their demands for smooth and risk-free supply. Seoul Semiconductor develops and manufactures LEDs for all lighting markets and is #3 in the LED industry with factories in Korea, Vietnam, China, and the USA. Michel has been working in the LED industry for more than 20 years. After obtaining his PhD in physics from the University of Amsterdam he settled in the United States working in R&D and various business management roles.

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  • Dr. Ki-soon Park (Senior Advisor at Denton's Lee, Professor at Sungkyunkwan University)

    Dr. Ki-soon Park

    Senior Advisor at Denton's Lee, Professor at Sungkyunkwan University

    Ki-Soon Park is a leading South Korean expert on the Chinese economy, with over 30 years experience handling financial affairs and management consulting related to China. He was the President of the China Samsung Economic Research Institute (SERI) in Beijing for eight years, and successfully provided consulting services for Samsung Group and its affiliates on how to enter the Chinese market, local marketing, business strategies, and rental business. In 1996, Mr. Park became the first foreigner to receive a doctorate in Economics from the Chinese Academy of Social Sciences, China's top think tank. Since returning to Korea in 2020, he has been lecturing on Chinese corporate strategies, Chinese innovative management and Chinese economic theories at Sungkyunkwan University's Graduate School of China.

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  • Chul Chung (Senior Vice President for External Affairs at Korea Institute for International Economic Policy (KIEP))

    Chul Chung

    Senior Vice President for External Affairs at Korea Institute for International Economic Policy (KIEP)

    Chul Chung is Senior Vice President for External Affairs at the Korea Institute for
    International Economic Policy (KIEP), and Vice Chair of the Korea National Committee for
    Pacific Economic Cooperation (KOPEC). In the government, Dr. Chung served as trade
    advisor to the Minister of Trade, Industry, and Energy, and as an Advisory Committee
    member of the Ministry of Economy and Finance and the Ministry of Foreign Affairs. He is
    vice president of the Korean Association of Trade and Industry Studies. Prior to joining KIEP,
    he taught international economics as a professor in the School of Economics at Georgia Tech
    in the United States. While on leave from KIEP (2009-2012), he worked on the ratification of
    the Korea-US FTA as chief economist of the Korea International Trade Association (KITA) in
    Washington D.C. In recent years, he contributed to research projects in the area of
    restructuring global supply chains for the Korean government and also coauthored the
    book, To overcome China, published in 2021. He received Ph.D. in Economics from the
    University of Michigan, Ann Arbor.

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  • Arn Ajay (Expert Manager at Bain in Seoul)

    Arn Ajay

    Expert Manager at Bain in Seoul

    Ajay is an Expert Manager at Bain in Seoul, where he focuses on supply chains and the use of generative AI in solving business problems. He has worked on strategic supply chain decision-making for over 12 years, including at Dassault Systèmes, where he led the Asia Pacific operations research group. More recently, he was part of the network design and planning team at Coupang, where he advised on infrastructure investments based on demand forecasts using digital simulations. At Bain, Ajay is leading efforts to integrate generative AI with network optimization and supply chain decision-making for strategic insights.

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  • Rodrigo González (Director, Tokyo of Economist Intelligence Corporate Network)

    Rodrigo González

    Director, Tokyo of Economist Intelligence Corporate Network

    Rodrigo González is the Director for Tokyo of Economist Intelligence Corporate Network.

    He works closely with regional business leaders to assist them in economic and market trends, business competitiveness, monetary and fiscal policy and general economic advisory to help them optimise their business strategies and further enhance their connections to their c-suite peers.

    He has vast experience in statistical analysis, strategy consulting and market research in different industries in and outside Japan. Rodrigo is a published author in environmental and transport economics and has spoken at international conferences in global warming and fiscal policy throughout the world.

    Rodrigo holds a PhD in Economics from Keio University and is fluent in Spanish, English, French and Japanese.

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  • Jacco Zwetsloot (Network Moderator, Seoul at Economist Intelligence Corporate Network)

    Jacco Zwetsloot

    Network Moderator, Seoul at Economist Intelligence Corporate Network

    Jacco Zwetsloot has lived in Korea for 20 of the last 25 years, with a broad range of work experience in the communication, legal, tourism, training and broadcasting sectors. He has worked as an English teacher, a tour guide for the US military, a regular radio show guest, and a translator of North Korean propaganda. Currently, Jacco works as a content creator for a communications consultancy Insight Communications Consultants, hosts a weekly podcast about North Korea, moderates panel discussions, writes a monthly Korean newspaper column and still leads occasional lunchtime walking tours in downtown Seoul for the Royal Asiatic Society Business & Culture Club. Jacco holds a Master of Arts degree in Korean Studies from Leiden University, a Bachelor of Arts in Asian Studies from Monash University and a separate Bachelor of Arts in Modern European Studies and German Language from the University of Melbourne.

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Venue

Lotte Hotel Seoul

Garnet Suite, Lotte Hotel Seoul

30, Eulji-ro, Jung-gu, Seoul, Korea

Seoul, Korea (South)

If you have any questions please contact Mie Tanaka

Contact Organizer

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