ANI
18 Apr 2026, 00:02 GMT+10
New Delhi, [India] April 17 (ANI): In a major push to fortify global supply chains and expand market footprints in the Global South, the heads of South Korea's four largest conglomerates are set to accompany President Lee Jae-myung on a high-stakes state visit to India and Vietnam starting this Sunday.
The move signalled a major push for investment and partnerships across semiconductors, automotive, electronics, and energy, The Korea Herald reported.
President Lee is scheduled to visit India and Vietnam from April 19 to 24, his first trip to the two countries since taking office last year. The India stop will be the first by a South Korean president in eight years.
According to industry sources cited Friday by The Korea Herald, the attendee list for both legs has been finalised. The Federation of Korean Industries will organise the India mission, while the Korea Chamber of Commerce and Industry oversees the Vietnam delegation. Each mission is expected to include around 200 business executives.
The delegations will participate in business forums -- India on Monday and Vietnam on Tuesday -- and meet senior government officials in both countries, the report said.
Samsung Electronics Chair Lee Jae-yong and LG Group Chair Koo Kwang-mo are expected to join both legs of the trip, reflecting their groups' broad interests in the two markets. Samsung has made Vietnam a major production base for smartphones and electronics, while India has grown into a key consumer market and manufacturing hub.
LG has also expanded in Vietnam, including automotive components and R&D, and is positioning India as a growth market with a third LG Electronics manufacturing plant now under construction, The Korea Herald noted.
SK Group Chair Chey Tae-won, who also chairs the Korea Chamber of Commerce and Industry, is expected to lead the Vietnam delegation and skip India. Lee Hyung-hee, head of the SK Supex Council's communication committee, will travel to India in his place.
Hyundai Motor Group Executive Chair Chung Euisun is expected to focus on India, underscoring the country's rising importance to the automaker. In Vietnam, the group will be represented by President Sung Kim, the veteran diplomat who oversees external and government affairs, according to the report.
Industry officials told The Korea Herald that the participation of top business leaders could pave the way for follow-up investment plans or new partnerships, given the 'significant presence of Korean businesses' already in both countries. Key sectors in focus include semiconductors, automotive, electronics, and energy. (ANI)
Get a daily dose of Manufacturing Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manufacturing Mirror.
More InformationNEW YORK CITY, New York: Two of the largest names in the U.S. pizza market are moving closer to potential sales, as mounting cost pressures...
US officials reportedly intercepted a proposal with an economic deal that was intended to bypass Secretary of State Marco Rubio The...
New Delhi [India], April 17 (ANI): Paytm (One 97 Communications Limited), India's full stack merchant payments leader serving MSMEs...
NANNING, April 16 (Xinhua) -- On the night of April 10, a cross-border freight train departed from the Nanning International Railway...
New Delhi [India], April 16 (ANI): The Supreme Court has refused relief to businessman Anil Ambani on his plea challenging the decision...
Indore (Madhya Pradesh) [India], April 15 (ANI): A businessman in Madhya Pradesh's Indore has allegedly received an extortion threat...
HAVANA, Cuba: Already struggling with the U.S. energy blockade, people in the Cuban capital have started packing their bicycles, scooters,...
DETROIT, Michigan: Electric vehicle startup Slate Auto has secured US$650 million in fresh funding as it prepares to bring its first...
DETROIT, U.S.: The cost of owning a car in the United States is climbing to new highs, with rising vehicle prices, financing costs...
Khandwa/Shivpuri (Madhya Pradesh) [India], April 17 (ANI): What initially appeared to be a tragic road accident in Madhya Pradesh's...
New Delhi, [India] April 17 (ANI): Taiwan Semiconductor Manufacturing Company (TSMC) has officially announced a massive global scale-up...
New Delhi, [India] April 17 (ANI): In a major push to fortify global supply chains and expand market footprints in the Global South,...
