Choi Tae Won, chairman of the Korea Chamber of Commerce and Industry (KCCI), said on Tuesday that embracing artificial intelligence could turn current challenges into an opportunity for a new phase of growth. He made the remarks during the 53rd Commerce Day ceremony held in central Seoul.
Choi acknowledged that the current economic environment is challenging, citing global uncertainties including tensions in the Middle East. He noted that last year was particularly difficult due to weak domestic demand and what he described as a tariff storm. Still, he said the government’s swift response and cooperation between the public and private sectors helped the country navigate those pressures.
He also drew a comparison to the first Commerce Day in 1974, which coincided with the First Oil Shock, when energy supply disruptions and rising prices created economic strain. Choi said that at the time, earlier generations responded with technological innovation and productivity improvements, laying the foundation for South Korea’s modern economy.
Choi emphasized that South Korea has consistently shown resilience during periods of crisis and said the government is prepared to provide strong policy support. He added that, building on that support, businesses would continue to confront current challenges much like previous generations did.
He also pledged to strengthen the chamber’s role, saying it would respond more actively to evolving societal demands.
Choi said business growth should translate into job creation and improved livelihoods, contributing to broader economic development. He added that the chamber aims to reflect the perspectives of the wider economy better and to propose practical policy solutions on issues such as regional development, youth employment, and climate change.
He concluded by saying the organization will maintain transparent communication with stakeholders and prioritize the public interest, while moving beyond established practices to drive meaningful change.