September 13, 2018 09:40
The heads of South Korea's top four conglomerates including Samsung chief Lee Jae-yong are expected to accompany President Moon Jae-in to Pyongyang for the inter-Korean summit next week.
One business executive said Wednesday, "Cheong Wa Dae invited the top four conglomerates including Samsung and Hyundai Motor. The conglomerates are concerned about violating U.S. and other international sanctions, but it's not easy for us to turn down a request from Cheong Wa Dae."
Samsung's Lee, Hyundai Motor vice chairman Chung Eui-sun, SK Group chairman Chey Tae-won and LG Group chairman Koo Kwang-mo are expected to head to North Korea with Moon. A Cheong Wa Dae official said, "It's true that we invited specific business groups to visit North Korea."
The conglomerates had hoped that the business entourage would be limited to the heads of business lobbies and state-run companies. But North Korea apparently wants the heads of private South Korean businesses to visit to add momentum to cross-border economic projects.
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