Leading South Korean chaebols will accompany President Yoon Suk Yeol on a visit to Vietnam on June 22nd. The participation of these top conglomerates promises to bring about numerous opportunities for cooperation and strengthen the economic ties between the two countries.
According to the Korea Chamber of Commerce and Industry (KCCI), a 19-member delegation will travel to France before heading to Vietnam. In France, they will attend a joint meeting of the Bureau International des Expositions (BIE), an international organization responsible for overseeing World Expos, from June 20th to 21st. Following the BIE meeting, the delegation will continue their journey and arrive in Vietnam to participate in a business delegation comprising over 200 companies and related organizations from June 22nd to 24th.
The delegation to Vietnam includes the heads of leading chaebols such as Lee Jae-yong, Chairman of Samsung Electronics; Chey Tae-won, Chairman of SK Group; Euisun Chung, CEO of Hyundai Motor Group; Koo Kwang-mo, Chairman of LG Corporation; Kim Dong-kwan, Vice Chairman of Hanwha Group; Cho Won-tae, Chairman of Hanjin Group; and Cho Hyun-sang, Vice Chairman of Hyosung Group.
According to the KCCI, this delegation will have meetings with business leaders and government officials in Vietnam to discuss cooperation in supply chains and future industries. This could open up new avenues for collaboration in the economic, technological, and investment sectors between the two countries.
Vietnam and South Korea established diplomatic relations in 1992, and since then, bilateral relations have developed rapidly. South Korea is one of Vietnam’s largest trading partners and a leading foreign investor in this Southeast Asian nation. The presence of these business leaders in the delegation underscores the interest and commitment of South Korean conglomerates to the Vietnamese market. Vietnam is considered an attractive destination for foreign businesses due to its economic stability, favorable investment environment, and dynamic young workforce. According to the KCCI, the delegation plans to meet with various business leaders and government officials in Vietnam to explore and evaluate the potential for cooperation in areas such as supply chains and future industries.
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