FKI offers condolences for late founder of Heritage Foundation

Edwin Feulner, founder of the Heritage Foundation, speaks during an interview with The Korea Times in Manila, March 1, 2017. Courtesy of Global Peace Foundation

Federation of Korean Industries (FKI) Chairman Ryu Jin sent a letter of condolence for the late Edwin Feulner, the co-founder of the Heritage Foundation, on the occasion of his funeral service on Monday (local time).

In his letter, Ryu noted that Feulner visited Korea more than 200 times during his lifetime, emphasizing the strategic importance of the Korea-U.S. alliance and expressing support for Korea’s economic development.

“Feulner held a deep and enduring affection for Korea,” Ryu wrote. “He reminded us time and again that our two nations are united not only by common interests, but by shared principles — freedom, responsibility and mutual prosperity.”

Ryu recalled that the FKI had a special bond with Feulner, as he offered insights on Korea’s economic policy and global competitiveness through events hosted by the business organization.

During a keynote speech at the 2022 Seoul Freedom Forum, Feulner said “private enterprises and organizations like the FKI are more vital than ever in generating and expanding ideas.”

“Feulner’s passing marks more than the loss of an individual — it marks the departure of a towering leader who helped define an era. We will never forget him,” Ryu wrote.

Born in Aug. 12, 1941 in Chicago, Feulner was a world renowned political scientist who championed the ideals of free-market economics, individual liberty and traditional values. Since co-founding the Heritage Foundation in 1973, he played a central role in shaping the direction of conservative ideas across the world for nearly half a century.

He served as the Heritage Foundation's president from 1977 to 2013 and again from 2017 to 2018. He died on July 18 at the age of 83.

“Amid aggravating global trade environment and growing uncertainties on the trade relations between Korea and the United States, Feulner’s insights that emphasized the essence of the bilateral relations as an ‘alliance of values and institutions’ resonate even more strongly,” the FKI said in a statement.

“His absence leaves deep regret for the Korean business community, and his affectionate advice and insight will be missed.”