South Korean President Yoon to Lead Economic Delegation to Czech Republic, Including Leaders of FourMajor Conglomerates
Seoul, August 29, 2024 – South Korean President Yoon Suk-yeol will embark on an official visit to the Czech Republic in September, accompanied by a high-powered economicdelegation comprising the heads of the country’s four largest conglomerates, Yonhap News Agency reported.
The delegation will include:
- Lee Jae-yong, Chairman of Samsung Electronics
- Choi Tae-won, Chairman of SK Group
- Chung Eui-sun, Chairman of Hyundai Motor Group
- Koo Kwang-mo, Chairman of LG Group
This marks thefirst time that the heads of all four conglomerates will accompany President Yoon on an overseas trip. The visit is expected to focus on strengthening economic ties between South Korea and the Czech Republic, with a particular emphasis on promoting investment and cooperation in keyindustries.
Hyundai Motor Group already has a significant presence in the Czech Republic, with a car and parts factory in Nošovice. The visit provides an opportunity for the other conglomerates to explore potential investment opportunities in the country.
The Czech Republic has emerged as a strategic partner for South Korea in recent years, withgrowing trade and investment ties. The country offers a stable political and economic environment, as well as a skilled workforce, making it an attractive destination for foreign investment.
President Yoon’s visit comes at a time when South Korea is seeking to diversify its economic partnerships and reduce its reliance on traditional markets like China. The CzechRepublic, with its strategic location in Central Europe and its membership in the European Union, offers a gateway to the wider European market.
The visit is also expected to strengthen bilateral relations between South Korea and the Czech Republic. The two countries have a long history of cooperation in various fields, including science, technology, and culture.
President Yoon’s delegation will likely hold meetings with Czech government officials, business leaders, and industry representatives to discuss potential areas of collaboration. The visit is expected to generate significant interest from both South Korean and Czech businesses, as it presents an opportunity to explore new partnerships and investment opportunities.
The visit is also seenas a sign of South Korea’s commitment to strengthening its economic ties with Europe. The country has been actively seeking to expand its economic footprint in the region, and the visit to the Czech Republic is a key step in this direction.
The visit is expected to be a significant event in the bilateral relationship between South Koreaand the Czech Republic, and could pave the way for further economic cooperation and investment between the two countries.
【source】https://cn.yna.co.kr/view/ACK20240829004700881?section=politics/index&input=rss
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