From Jan. 4 to 7 next year, President Lee Jae-myung's state visit to China will be accompanied by an economic delegation of about 200 people, including the heads of the four major conglomerates.
According to the business community on the 31st, an economic delegation organized by the Korea Chamber of Commerce and Industry for President Lee's state visit to China includes about 200 business leaders, such as Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Eui-sun, and LG Group Chairman Koo Kwang-mo, including the heads of the four major conglomerates.
The delegation also includes GS Group Chairman Huh Tae-soo, POSCO Group Chairman Chang In-hwa, LS Group Chairman Koo Ja-eun, and CJ Group and Korea Enterprises Federation Chairman Sohn Kyung-shik. In addition, the heads of Krafton, SM Entertainment, and Fashion Group Hyungji are expected to join.
It is the first time in six years that KORCHAM has formed an economic delegation to visit China since the China-Japan-Korea leaders' summit held in Dec. 2019. At that time, more than 100 senior executives from major corporations, including Korea Chamber of Commerce & Industry Chairman Park Yong-man, Samsung Electronics Vice Chairman Yoon Boo-keun, and Hyundai Motor President Gong Young-woon, accompanied former President Moon Jae-in on his visit to China.
Spokesperson Kang Yu-jung said, "There are practical expectations for people's livelihoods in both countries, and there are also expectations for outcomes in various areas of economic cooperation, such as critical mineral supply chains, promoting investment by corporations from both countries in each other's markets, the digital economy, and eco-friendly industries," adding, "Multiple memorandums of understanding (MOUs) between the relevant ministries will be signed."