SEOUL (KOREA HERALD/ASIA NEWS NETWORK) – South Korea’s biggest conglomerate chiefs left for Pyongyang early Tuesday (Sept 18) morning to accompany President Moon Jae-in to the third inter-Korean summit and discuss tentative business plans involving North Korea. Including Lee Jae-yong, heir to the country’s No. 1 family-run business, Samsung, 17 business leaders from a variety of industries joined the 52-member special delegation, created as part of the Moon government’s “new economy” initiative for the Korean Peninsula. LG Corp. Chairman Koo Kwang-mo was one of the first among the chaebol chiefs to arrive at the east-side parking lot outside Gyeongbok Palace, where the delegation members gathered before boarding a bus for the Seoul Air Base. In response to The Korea Herald’s question of whether he had made sufficient preparations ahead of the visit to Pyongyang, Koo nodded “yes”. This is the first official public appearance for Koo, the fourth-generation leader of Korea’s fourth-largest business group, since he took office in June. Samsung Electronics Vice-Chairman Lee offered no comments in response to reporters’ questions upon his arrival. However, before his departure, Lee held a last-minute meeting with CEOs Rhee In-yong and Chung Hyun-ho to discuss Samsung’s possible business plans in North Korea… Read full this story
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