APEC Summit: Gyeongju Declaration Adopted – President Lee Updates

South Korea Hosts APEC Summit, Focusing on AI and Demographic Shifts

the 2025 APEC Summit in Gyeongju, South Korea, is set to address critical regional challenges, including the rapid progress of artificial intelligence and the impact of aging populations, culminating in the adoption of the ‘Gyeongju Declaration.’

Gyeongju, South Korea – President Lee Jae-myung officially opened the first session of the 2025 Asia-Pacific Economic Cooperation (APEC) Summit on October 31st at the Hwabaek Convention Centre (HICO) in Gyeongbuk. The summit, a key event for regional economic cooperation, will continue on November 1st with a session titled ‘Retreat,’ presided over by President Lee.

The centerpiece of this year’s summit will be the adoption of the ‘Gyeongju Declaration’, a joint statement emphasizing multilateralism and free trade. According to sources, the declaration represents the culmination of year-long discussions among APEC member economies. Leaders will engage in informal discussions centered around the theme “Asia-Pacific Vision Prepared for Future Change.”

Did you know? – APEC represents 21 member economies, accounting for nearly 40% of the world’s population and roughly 50% of global trade.

Addressing Regional Challenges

The summit’s agenda, proposed by South Korea, directly confronts two significant hurdles facing the Asia-Pacific region: the rapid development of AI technology and the profound change in demographic structure resulting from declining birth rates and an aging population. President Lee aims to rebuild trust and foster cooperation among member nations, presenting a vision for continued prosperity amidst current global uncertainties.

“We plan to discuss inclusive development plans that strengthen the capabilities of all economic entities throughout the cooperation process and spread the benefits of growth evenly throughout society,” a senior official stated. This commitment to inclusive growth underscores South Korea’s leadership role in shaping a more equitable economic future for the region.

Pro tip: – Inclusive growth strategies aim to benefit all segments of society, not just large corporations or wealthy individuals, fostering long-term stability.

Handover to China and Future Cooperation

In a formal ceremony, President Lee will transfer the APEC chairmanship to China’s President Xi Jinping. Despite the handover, South Korea intends to maintain close collaboration with China to ensure the continuity of this year’s achievements. This collaborative approach signals a commitment to sustained progress on key regional initiatives.

Following the handover,leaders will participate in a commemorative photo session. In a unique display of cultural exchange, participants will wear props inspired by the traditional hanbok scarf, blending Korean heritage with the aesthetic elements of Hangul, the Korean alphabet.

Reader question: – How might the shift in APEC leadership impact the implementation of the ‘Gyeongju Declaration’s’ goals?

Press Conference and Summit Outcomes

President Lee will conclude his role as APEC chairman with a press conference detailing the summit’s key accomplishments, its overall significance, and the future direction of APEC cooperation. The conference will provide a extensive over

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South Korea Hosts APEC Summit, focusing on AI and Demographic Shifts

Gyeongju, South korea – The 2025 Asia-Pacific Economic Cooperation (APEC) summit concluded November 1st in Gyeongju, South Korea, with the adoption of the ‘Gyeongju Declaration.’ Why was the summit held? To address pressing regional challenges: the rapid development of artificial intelligence and the impact of aging populations.

who participated? Leaders from 21 APEC member economies, including South Korean President Lee Jae-myung and, following a