Event Details

The response of the private sector to the conflict unfolding in Europe has been unprecedented. By late March, hundreds of Western companies from every sector had closed, withdrawn or suspended ties with Russia in a snowball effect that rolled loudly through social media.


While the boycott's impact on the outcome of the war might be limited, the message is loud and clear. The socio-economic consequences of so many companies leaving so quickly will be prolonged and possibly irreversible. Thousands of stores have closed, factories shut, production and trade halted, employees let go or a lucky few (mostly those in high ranking positions) temporarily relocated to other countries where they can continue to work from hotel rooms.


The questions surrounding this event are many: What is the underlying motivation for companies to walk out en masse? What will be the effect on consumers and workers? Will they toe the line and quietly adapt, or will they take to the streets or migrate? Could this move set a precedent for similar actions in other controversial markets, e.g. China?


In this roundtable we bring together experts from both the corporate sector and industry groups to discuss the influence of private companies in geopolitics, the short and mid-term effects on macroeconomic indicators, the potential impact on international affairs and what companies should learn from this experience when considering future foreign investment.


Please note that the round table is limited to 20 in-person participants and it will not be recorded nor broadcast to online participants.


Please register early if you would like to attend.

Please note that this event is limited to senior-level executives and per invitation only. If you are not an existing member of The Economist Intelligence Corporate Network, but would like to learn how you can attend our events, please contact us.

Agenda

11:45 AM - 12:15 PM
Registration and Networking
12:15 PM - 1:15 PM
Round table discussion

Venue

Conrad Seoul. Studio 8+9 (Level 6)

10 Gukjegeumyung-ro, Yeongdeungpo-gu,
Seoul, Korea (South)

If you have any questions please contact ECN North Asia

Contact Organizer

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Speakers

  • Tae-Shin Kwon (Vice Chairman at The Federation of Korean Industries (FKI))

    Tae-Shin Kwon

    Vice Chairman at The Federation of Korean Industries (FKI)

    Mr. Tae shin Kwon has been Vice Chairman and CEO of the Federation of Korean Industries or the FKI since February 2017. The FKI is a non governmental organization composed of Korea’s major business groups and business associations. Since its establishment in 1961, t he FKI has dedicated itself to the development of the Korean economy, suggesting sound economic policies and promoting globalization of the Korean economy based on the free market system. Under his direction, t he FKI is now developing Korean economy’s growth strategy and regulation reform measures , and establishing public diplomatic relations through multilateral and international
    organizations.

    Mr. Kwon has served as President of the Korea Economic Research Instit ute Since March 2014. He has built most of his career in t he Korean government. From 2011 to 2013, he was Vice Chairman of the Presidential Council on National Competitiveness (PCNC), which was presided by the President himself, and played a leading role in discussing topics o n enhancing national competitiveness. From 2009 to 2010, he served as the Minister of the Ministry of Government Policy Coordination . From 2006 to 2008, he served as Ambassador, Permanent Representative of Korea to the OECD in Paris right after he worked for the Ministry of Finance and Economy as
    Vice Minister from 2005 to 2006.

    In July 2004, Mr. Kwon was appointed as Secretary to the President for Economic Policy, the fourth Presidential Office position he has held over the course of his career and one of the positions he took for each of the four consecutive Presidents.

    In 2003 Mr. Kwon was appointed as Deputy Minister for International Affairs of the Ministry of Finance and Economy right after his service as Director General for International Finance of the Ministry. During his early career in government, he was dispatched to the Korean Embassy to the United Kingdom as Financial Counsellor in 1998. He has worked for the Korean government over 35 years since he joined the Ministry of Finance and Economy in 1977.

    Mr. Kwon passed the 19th Higher Civil Service Examination and served four years and half for the Korean Air Force as First Lieutenant. After his discharge from military service, he taught
    international finance as a lecturer at Kookmin University and Dongduk Women s University between 1982 and 1985

    Mr. Kwon received a BA degree from Seoul National University (1972), an MA degree in Economics from Vanderbilt University (1982) and an MBA degree from CASS Business School,UK (2001).

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  • Peter Kim (Head of Global Markets / Senior M.D. at KB Securities)

    Peter Kim

    Head of Global Markets / Senior M.D. at KB Securities

    Peter Kim is the Head of Global Markets and Investment Strategist covering global strategy with a focus on North Asia at KB Securities based in Seoul, South Korea. He has 27 years of experience in the equities and investment banking industry in both buy and sell-side starting as an analyst. He was formerly the Country Head of HSBC Securities based in Seoul. He was also a co-portfolio manager for Pan-Asia balanced fund (bonds & equities) of Gavekal Capital, and founded and managed a Pan-Asia Long-Short fund based in Hong Kong. Peter is was a regular columnist for Nikkei Asian Review and his piece featured at Financial Times. He continues to write on finance industry for The Korea Times.

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  • Rodrigo González (Director of Economist Intelligence Corporate Network)

    Rodrigo González

    Director 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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