Late Hyosung Group Honorary Chairman Cho Suck-rai has been posthumously awarded the Korea-America Friendship Award in recognition of his decades-long efforts to strengthen economic ties between Korea and the United States. The group said that the late chairman received the 24th annual award from the Korea-America Association (KAA) at its ceremony on Monday in Seoul, with his son, Hyosung Chairman Cho Hyun-joon, accepting the award on his behalf. The association recognized Cho Suck-rai for his efforts to strengthen bilateral economic ties, particularly his role in rallying business support for the free trade agreement between Korea and the U.S. and helping secure Korea's entry into the U.S. Visa Waiver Program. Accepting the award, Cho Hyun-joon expressed gratitude on behalf of his family, noting that his grandfather, former KAA Chairman Song In-sang, had received the same honor in 2004. "It is deeply meaningful to see that my father's lifelong wish for a Korea-U.S. alliance in which the two countries understand each other and grow together is becoming a reality today," He said. "I will ke