Heads of major domestic corporations, including the chiefs of the four major groups, will accompany President Lee Jae-myung as part of an economic delegation to India and Vietnam.

According to the presidential office on the 17th, the Korea Chamber of Commerce and Industry and The Federation of Korean Industries are organizing an economic delegation of around 200 people for the trip to India and Vietnam scheduled for the 19th to the 24th. KORCHAM will handle the Vietnam schedule and FKI will handle the India schedule, overseeing events with local political and business leaders, including a business forum, and the signing of memorandums of understanding.

Group chiefs depart in the afternoon on the 4th for a business delegation visit to China. From left: Lee Jae-yong, Samsung chairman; Chung Eui-sun, Hyundai Motor chairman; Chey Tae-won, SK chairman; Koo Kwang-mo, LG chairman. /Courtesy of

The Vietnam economic delegation includes Chey Tae-won, chairman of KORCHAM and chairman of SK Group, as well as Lee Jae-yong, chairman of Samsung Electronics, Chung Eui-sun, chairman of Hyundai Motor Group, and Koo Kwang-mo, chairman of LG Group, meaning all four major group chiefs are participating. Cho Hyun-joon, chairman of Hyosung Group, is also included.

Vietnam is Korea's No. 3 trading partner after China and the United States. The four major groups—Samsung, SK, Hyundai Motor, and LG—also have production bases there and are actively conducting business.

The India economic delegation includes Ryu Jin, chairman of FKI, Chairman Lee Jae-yong, Chairman Chung Eui-sun, Chairman Koo Kwang-mo, and Chairman Cho Hyun-joon, among others.

India, a leading nation of the Global South with an average annual economic growth rate reaching 7%, has a massive domestic market of 1.4 billion people.

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