About Seoul G20 Business Summit

About Seoul G20 Business Summit

The Seoul G20 Business Summit is a global forum for G20 Heads of State and approximately 120 top business leaders from G20 and some non-G20 countries to collaboratively address “the Role of Business for Sustainable and Balanced Growth.” The Business Summit consists of roundtable sessions with focus on the agenda topics of: 1) Trade and Foreign Direct Investment, 2) Finance, 3) Green Growth and 4) Corporate Social Responsibility. Around 30 chief executives will partake in each of the three parallel one-hour roundtable sessions to engage in active dialogue with G20 delegates. The Business Summit’s main agenda topics are:

Why the Seoul G20 Business Summit?

The Business Summit is an unprecedented cooperative effort between the public and private sectors, where approximately 120 top CEOs will share their concerns with G20 leaders on recent economic developments following the global financial crisis. As an official G20 event, the Business Summit also provides a unique opportunity for business and state leaders to engage in open and direct dialogue. 

The Seoul G20 Business Summit is not a one-time event, but rather a long-term process, which requires months of preparation on the part of the attendees, to produce and achieve a consensus on working group reports, reflecting a wide array of global issues.

Connection with the G20

During the months leading up to the Business Summit, working group reports on global economic issues will be produced and delivered to Finance Ministers, the G20 sherpa and finally, G20 leaders on the day of the event. The Business Summit itself will be held on Nov. 11, a day before the Seoul G20 Leaders’ Summit, and G20 delegates who are participating in the Business Summit will directly hear the voice of the business community, and attend the Leaders’ Summit on the next day.

Through these two channels, the Business Summit aims to underscore and improve the G20’s role as the premier forum for global economic cooperation. It further bolsters the credibility of the G20 Summit by establishing an infrastructure, where the private sector is incorporated into the G20 framework. Korea’s Presidential Committee for the G20 Summit will continue to make an effort in institutionalizing the Business Summit as a vital component of the G20 process.