South Korea is eager to host the World Expo 2030 in Busan not just for the economic benefits, but also to become an important international platform for humanity. SK Group Chairman Chey Tae-won emphasized the need for Korea to take a responsible course of action that impacts the future direction of humanity. Hosting the expo is projected to generate around 61 trillion won ($48 billion) in economic effects for Korea through job creation and tourism. Chey believes that the World Expo should go beyond showcasing new technology and products and instead become a platform for discussing and finding solutions for global issues. In March, Busan City and the Korea Chamber of Commerce and Industry launched an online platform called WAVE, which enables people worldwide to propose, develop, and implement ideas through collective intelligence. Chey believes that Korea, with its unique journey from poverty to global economic leadership, is in a position to provide expertise and understanding to other countries. He also addressed rumors that China opposes Korea’s bid for hosting the expo and expressed efforts to win China’s vote for the 2030 bid. Busan is competing against Riyadh (Saudi Arabia) and Rome (Italy) to host the World Expo 2030. The final decision will be made in November in Paris.
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