Late Hyosung Chairman Wins Korea-U.S. Friendship Award
The achievements of the late Hyosung Group Honorary Chairman Cho Suk-rai, who devoted his lifetime to advancing economic cooperation and friendship between South Korea and the United States, were recognized once again. The Korea-U.S. Association, an incorporated association, presented Cho with the 2
The late Chairman of the Hyosung Group, Cho Suk-rai, has been honored with the 24th Korea-U.S. Friendship Award for his lifelong dedication to advancing economic cooperation and friendship between South Korea and the United States. The Korea-U.S. Association presented the award at the "Korea-U.S. Friendship Night" event held at the Walkerhill Hotel in Seoul on November 6.
Known for his exceptional foreign language skills and extensive global network, Cho served as a private-sector diplomat representing the business community. His role as the international chairman of the Pacific Basin Economic Council from 2002 sparked interest in the Korea-U.S. Free Trade Agreement (FTA). As the Korean-side chairman of the Korea-U.S.
Business Council, Cho emphasized trade liberalization and led joint research between the business communities of both countries, even persuading stakeholders and creating a breakthrough during negotiations. Cho's efforts also led to South Korea joining the Visa Waiver Program in 2008. He expressed gratitude on behalf of his family and emphasized that the Korea-U.S. alliance, which his late father had hoped for, is becoming a reality.
The Korea-U.S. Friendship Award has been given annually since 2002 to individuals who have contributed to promoting friendship between the two countries.
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