Business · Companies · 17 hrs ago
Late Hyosung chairman Cho Suck-rai receives Korea-U.S. Friendship Award
Cho Suck-rai was posthumously given the Korea-U.S.
Friendship Award for his role in strengthening ties between South Korea and the United States.
The late honorary chairman of Hyosung Group helped promote economic exchanges and led business cooperation organizations.
He was an early advocate of a South Korea-U.S.
free trade agreement, helping lay the groundwork for the pact.
As a senior leader of the Korea-U.S.
Business Council, he also played a key role in South Korea joining the U.S. Visa Waiver Program in 2008.
The award recognizes contributions to bilateral friendship and alliance, and has been presented annually since it was established in 2002.
His son accepted the award in Seoul last week and pledged to continue efforts to strengthen ties between the two countries.
The late Hyosung honorary chairman Cho Suck-rai received the 24th Korea-U.S. Friendship Award posthumously.
The award recognized his contributions to strengthening the alliance between South Korea and the United States.
Cho promoted international economic exchanges and was among the first South Korean business leaders to propose a bilateral free trade agreement.
He also played a key role in South Korea’s inclusion in the U.S. Visa Waiver Program in 2008.
His son, Hyosung Group Chairman Cho Hyun-joon, accepted the award on his behalf at a ceremony in Seoul last week.
- Who
- Cho Suck-rai, Hyosung Group’s late honorary chairman.
- What
- He received the 24th Korea-U.S. Friendship Award posthumously.
- When
- The award ceremony took place last week, according to the article published Nov. 9, 2026.
- Where
- Seoul.
- Why
- In recognition of his contributions to strengthening the South Korea-U.S. alliance.
This story does not have two clearly opposing sides.
Cho served as international president of the Pacific Basin Economic Council.
Cho played a key role in South Korea’s inclusion in the U.S. Visa Waiver Program.
Cho Hyun-joon accepted the award on behalf of his late father at a ceremony in Seoul.
- Award
- 24th Korea-U.S. Friendship Award
- Recipient
- Cho Suck-rai, late Hyosung honorary chairman
- Award presenter
- Korea-America Association
- Award established
- 2002
- Visa Waiver Program
- South Korea included in 2008