Sohn Kyung-shik, chairman of the Korea Enterprises Federation, visited a memorial altar in front of Seoul City Hall, offering condolences to the bereaved families. Yoon Jin-sik, president of the Korea International Trade Association (KITA), also paid tribute at the same site.
In response to the government-declared nationwide mourning period, which will last until Saturday, KITA canceled its annual year-end party originally scheduled for Monday. Several major corporations have followed suit, postponing or canceling New Year’s events.
Hyundai Motor Group, one of the country’s largest conglomerates, delayed its New Year’s event. The company also lowered flags at its Seoul office in a solemn acknowledgment of the tragedy.
Other prominent business organizations, including the Korea Chamber of Commerce and Industry and the Federation of Middle Market Enterprises of Korea, issued public condolences while suspending all planned celebrations for the New Year.
The government has established nearly 90 memorial altars across 17 major cities and provinces, providing a space for citizens to pay their respects to the deceased.
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