Shinsegae chief meets Vance and Rubio, stresses South Korea-US cooperation under Pax Silica

Shinsegae Group Chairman Chung Yong-jin joined Vice President J.D. Vance and Secretary of State Marco Rubio in Washington, where he called for closer South Korea-US cooperation on advanced-industry supply chains.

Chung attended the launch of the Foundry School at the Trump Peace Institute in Washington, D.C., on the 3rd local time. The event took place at the invitation of Vance and the US State Department.

The Foundry School is a talent-development project for manufacturing and advanced industries, jointly promoted by the State Department and Stanford University. It forms part of the implementation strategy for Pax Silica, a multilateral economic-security consultative body launched by the United States last December.

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Successfully leading an advanced-industry supply-chain alliance centered on the United States is the task of our time.

During the event, Chung met Vance, Rubio and Jacob Helberg, the State Department’s undersecretary for economic affairs. He emphasized the importance of cooperation between South Korea and the United States in advancing the Pax Silica project.

“Successfully leading an advanced-industry supply-chain alliance centered on the United States is the task of our time,” Chung said. “If South Korea and the United States join forces, we can create even greater synergy.”

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If South Korea and the United States join forces, we can create even greater synergy.