The G20 Business Summit kicked off Wednesday in Seoul, one day ahead of the G20 Summit, seeking to enhance global public, private partnership for a stronger economic growth.

The two-day meeting, slated to wrap up Thursday, brought together some 120 business leaders from global companies carefully chosen from the Fortune 500 list, the organizing committee said.

The gathering will begin with a welcome reception and dinner session, which will be hosted by co-chairs of South Korea's organizing committee, Minister of Knowledge Economy Choi Kyung- hwan and Korea Chamber of Commerce and Industry Chairman Sohn Kyung-shik, according to the committee.

Prior to the opening, participants will spend time for open interviews in order to give tips on what to be discussed during the roundtable sessions.

The summit will deal with issues that are both relevant to industries and governments, including trade and FDI, finance, green growth, and corporate social responsibility.

For in-depth discussions, working group sessions will be held on the second day, which will kick off with an opening address of South Korean President Lee Myung-bak.

At the end of the Business Summit, the final draft of the working group report will be announced, of which preliminary drafts have already been reported to G20 finance ministers and deputy ministers' meetings and sherpa gatherings and have been added input from the G20 process.

Held under the title of "The Role of Business for Sustainable and Balanced Growth," the Summit will give participant business leaders time to collaborate in seeking ways to enhance public- private business ties to keep the strong growth pace, according to the organizing committee.