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G20 CEO summit to discuss post-crisis global growth

Top business leaders from around the world will gather in Seoul in November to discuss post-crisis global growth, green development and corporate social responsibility in conjunction with the summit of Group of 20 leaders.

The meeting of about 100 CEOs will focus on the role of private businesses in keeping growth momentum going as major governments are withdrawing stimulus measures introduced to tackle the global economic crisis, the organizing committee of G20 Seoul Business Summit said.


Sohn Kyung-shik (second from right), chairman of the Korea Chamber of Commerce and Industry, who co-chairs the organizing committee of the G20 Seoul Business Summit, addresses a conference with senior journalists in Seoul on Thursday. (Yonhap News)
Sohn Kyung-shik (second from right), chairman of the Korea Chamber of Commerce and Industry, who co-chairs the organizing committee of the G20 Seoul Business Summit, addresses a conference with senior journalists in Seoul on Thursday. (Yonhap News)


The meeting will take place on Nov. 10-11 ahead of the summit of the heads of state scheduled for Nov. 11-12.

In a meeting with senior journalists, the committee unveiled some confirmed participants that included top CEOs in finance, manufacturing, IT, energy and other major industries.

Among them are Deutsche Bank’s Josef Ackermann, HSBC’s Stephen Green, Standard Chartered’s Peter Sands, Blackstone Group’s Stephen Schwarzman, Nomura Holdings’ Kenichi Watanabe, ArcelorMittal’s Lakshmi Mittal, Nestle’s Peter Brabeck, Qualcomm’s Paul Jacobs, Total’s Christophe de Margerie, Bosch’s Franz Fehrenbach, Infosys’ S. Gopalakrishnan and Li & Fung’s Victor Fung, and SK’s Chey Tae-won.

The committee also invited Apple’s Steve Jobs and Microsoft founder Bill Gates.

The business leaders -- about 80 from G20 members and about 20 from non-member countries -- will hold sessions on four major subjects: boosting international trade and investment, financial stability, green growth and corporate social responsibility. They may also have the opportunity to sit face-to-face with G20 leaders, it said.

“The active participation of private sectors will make the Seoul G20 summit an unprecedented one in terms of scale and content,” Sohn Kyung-shik, co-chairman of the organizing committee, told journalists. Sohn is chairman of the Korea Chamber of Commerce and Industry.

The Korean government is pushing to make the business gathering a regular part of the G20 process, officials said.

Prior to the summit, the participants will name deputies to take part in drawing up a joint report, which will be delivered to the G20 leaders during the summit, on major issues such as investment promotion, currency policy, energy efficiency and unemployment, in addition to attending two preliminary meetings in September and October.

By Shin Hyon-hee (heeshin@heraldcorp.com)



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