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Bridging the Gap: Cultivating Inclusive Entrepreneurship in the APEC Region By Eduardo Pedrosa Young entrepreneurs are driving Asia-Pacific growth, but uneven access to finance, skills and digital tools limits participation. Closing these gaps is key to making opportunity inclusive and ensuring ambition can translate into real impact. | |
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APEC ministers issued a joint statement following the conclusion of their meeting in Gyeongju, co-chaired by Cho Hyun, Minister of Foreign Affairs, and Yeo Han-Koo, Minister for Trade of the Republic of Korea.
Ministers reaffirmed their commitment to the Putrajaya Vision 2040 and underscored efforts to strengthen regional connectivity through promoting trade and investment, supply chain resilience, structural reform and people-to-people ties.
They recognized the importance of comprehensive reform of the World Trade Organization to improve its functions to be more relevant and responsive in light of today’s realities.
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Growth in the APEC region is projected to reach 3.1 percent in 2025, slightly higher than earlier forecast of 3.0 percent, supported by resilient trade activity and robust demand for high-tech goods, according to the latest APEC Regional Trends Analysis.
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Gyeongju sets the stage as senior officials kick off the APEC Economic Leaders’ Week on Monday, solidifying their commitment to a sustainable future, one that remains interconnected, embraces digital innovation and ensure the benefits of growth are broadly shared.
Ministers reaffirmed their commitment to the Putrajaya Vision 2040 and Aotearoa Plan of Action, adopting the Strengthened and Enhanced APEC Agenda for Structural Reform (SEAASR) 2026–2030, a new five-year roadmap to advance competition, boost innovation and empower all people to share in sustainable growth.
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APEC Finance ministers issued a joint statement at the conclusion of their meeting in Incheon. The meeting was chaired by Dr Koo, Yun Cheol, Deputy Prime Minister and Minister of Economy and Finance of the Republic of Korea, held under the theme “Innovation, Finance and Fiscal Policy for Sustainable Growth”.
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APEC economies are making measurable progress in aligning regulatory approaches for medical products, according to new survey results endorsed by the APEC Regulatory Harmonization Steering Committee, which operates under the Sub-Committee on Standards and Conformance (SCSC).
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Ethical business practices give small and medium enterprises (SMEs) an economic edge, according to new APEC research released at the Business Ethics for SMEs Forum in Seoul, Republic of Korea earlier this month. The findings were presented along with updates to APEC’s cross-border ethical frameworks and the introduction of a strategic guide to steer regional cooperation.
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With populations aging and digital technologies reshaping healthcare, Asia-Pacific health ministers gathered in Seoul for the 15th APEC High-Level Meeting on Health and the Economy, underscoring the critical role of health systems in driving economic resilience and productivity and inclusive growth.
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A young scientist from the Republic of Korea has been awarded the 2025 APEC Science Prize for Innovation, Research, and Education (ASPIRE) for pioneering the use of artificial intelligence (AI) in protein design to accelerate the development of sustainable medicines and materials.
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Energy ministers from across the Asia-Pacific gathered in Busan this week for the 15th APEC Energy Ministerial Meeting, charting a collective course to secure stable electricity supply, modernize regional grids and harness artificial intelligence for innovation in energy systems.
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Energy ministers from the 21 APEC member economies issued a joint statement at the conclusion of the 15th APEC Energy Ministerial Meeting in Busan, Republic of Korea, on 27–28 August 2025.
Ministers recognized that addressing the region’s energy challenges will require the use of available energy sources and technologies, together with advanced energy storage, power grid and efficiency solutions, in line with domestic circumstances and priorities.
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For the first time in APEC’s history, cultural ministers, representatives and industry leaders gathered in Gyeongju on Wednesday for a High-Level Dialogue on Cultural and Creative Industries, highlighting the sector’s growing role as a driver of economic growth, employment and innovation across the Asia-Pacific.
Opening the dialogue, Chae Hwi-young, Minister of Culture, Sports and Tourism of the Republic of Korea, stressed the transformative potential of the creative sector in an era of rapid technological change.
“The cultural and creative industries are increasingly recognized as a vital driving force that generates employment and creates economic value, and their significance is rapidly gaining global attention,” said Minister Chae. “Founded upon creativity and cultural expression, the cultural and creative industries have evolved beyond artistic representation. They have firmly established themselves as a core sector that directly influences macroeconomic indicators such as economic growth and job creation.”
Delegates discussed how cultural and creative industries can serve as new engines of growth under APEC’s 2025 theme of "Building a Sustainable Tomorrow." Sessions focused on three interconnected areas: leveraging cultural and creative industries as catalysts for economic cooperation, harnessing digital technologies and artificial intelligence to fuel innovation, and fostering cultural cooperation to strengthen community ties and resilience.
Participants also heard from leading innovators, including artificial intelligence film director Hansl Kwon, Supertone CEO Kyogu Lee, and Edgelands Institute Executive Chairman Yves Daccord, who shared insights on how new technologies are reshaping creative production and the cultural economy.
Minister Chae noted the importance of anchoring APEC’s agenda in forward-looking cooperation. “In this environment of both challenges and opportunities, economies around the world are actively investing in and exploring ways to harness the cultural and creative industries as a pathway to sustainable development,” he said.
Eduardo Pedrosa, Executive Director of the APEC Secretariat, highlighted the transformative role of cultural and creative industries, and how APEC provide a great platform for this cooperation.
“True cross-fora collaboration is essential if we want to unlock the full potential of cultural and creative industries,” Pedrosa said. “We already see powerful examples, like collaborative productions that bring together creators, talent and platforms from across economies, which show how regional cooperation can generate economic value, strengthen cultural ties and inspire the next generation of innovators.”
Preceding the dialogue, a welcome reception featured Korea’s cultural leaders, including K-pop producer and industry leader JY Park, who shared perspectives on how the genre’s global rise demonstrates the power of cross-border collaboration. He highlighted how K-pop has expanded beyond Korea, with hundreds of artists and most video content now produced internationally, reflecting the sector’s deep interconnection with global markets and audiences.
Gyeongju, renowned for its cultural heritage, provided a fitting backdrop for the dialogue. As Minister Chae emphasized, this inaugural gathering marked a milestone for APEC.
"I am confident that today’s dialogue will serve not only as the first official platform within APEC to deliberate cooperation in the cultural and creative industries, but also as a clear milestone heralding the beginning of shared prosperity through culture," Minister Chae concluded.
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This news release can also be viewed on the APEC website: https://www.apec.org/press/
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APEC member economies are strengthening coordinated action to close persistent gender gaps across trade, innovation, and the care economy, following two days of policy discussions in Incheon under the Policy Partnership on Women and the Economy (PPWE).
Opening the meeting, PPWE Chair Anita Peña acknowledged the forum’s progress since its establishment in 2011 and highlighted the need for swift, coordinated action of translating commitments into concrete action.
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Customs officials from across the Asia-Pacific convened in Incheon for the second meeting of
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APEC member economies have concluded a two-day meeting of the Digital Economy Steering Group in Incheon, Republic of Korea, with renewed momentum to strengthen cross-border collaboration on digital regulation, online safety and sustainability.
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The Republic of Korea is set to host the Third Senior Officials' Meeting (SOM3) and Related Meetings, aiming to drive critical policy discussions on regional economic integration, digital transformation, and sustainable growth.
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APEC has kicked off a new exchange program to boost cross-border research, with Korea hosting the first cohort of scientists in Seoul this year. The Scientist Invitation Program to Korea 2025 marks the first program under the APEC Scientist Exchange Initiative, a new regional effort to enhance scientific mobility and long-term collaboration.
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Media registration is now open for the upcoming APEC high-level and ministerial meetings taking place in Incheon, Republic of Korea, from 31 July to 12 August 2025.
Convened under the 2025 APEC theme “Building a Sustainable Tomorrow: Connect, Innovate, Prosper,” these meetings will bring together ministers, senior officials and stakeholders from the 21 APEC member economies to advance regional collaboration on shared challenges.
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The search is underway for outstanding young scientists whose cross-border research in artificial intelligence (AI) and biotechnology is addressing some of the Asia-Pacific’s most pressing social and environmental challenges.
