Incheon confident about hosting 2025 APEC summit

Incheon Mayor Yoo Jeong-bok / Courtesy of Incheon Metropolitan City

Incheon is fully prepared to host the 2025 Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting, as it provides the ideal platform to advance the values that APEC seeks to promote, the city’s Mayor Yoo Jeong-bok said.

“Incheon is home to Korea’s biggest free economic zone, world-class biopharmaceutical plants and semiconductor packaging firms, 15 international organizations and global universities,” Yoo said in a written interview with The Korea Times, Monday.

“The city also features convenient infrastructure, including Incheon International Airport, convention centers and hotels, as well as having a wealth of experience hosting international meetings such as the 2018 OECD World Forum. This shows that Incheon is the optimal place to realize APEC’s goals, including trade and investment promotion, innovation, inclusivity and sustainable growth.”

His confidence comes as the city is vying with Jeju and Gyeongju to host the meeting, also called APEC summit, next year. Korea, which 추천 previously held the 1991 meeting in Seoul and 2005 meeting in Busan, was again selected as the host country of the 2025 edition. The central government finished reviews of the three candidate cities and the result will be announced within this month.

APEC is a 21-member multilateral economic cooperation body, aimed at assisting economic growth and prosperity in the Asia-Pacific region. It represents 40 percent of the world’s population, 59 percent of global gross domestic product, and 50 percent of trade volume, making it the largest regional cooperation body in the world.

APEC holds annual summits in a member country’s city over the course of one week in November, featuring a series of meetings between ministers and senior government officials, as well as business gatherings spanning more than 100 days. These events attract approximately 6,000 participants, including heads of state, government officials, and entrepreneurs each year.

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