Lee Chang “Welcomes investment and cooperation with Korean companies including Samsung”
China minimizes disruptions to Samsung’s business during Corona, ‘Chairman Lee Jae-yong of Samsung Electronics met with Chinese Premier Li Keqiang.’,
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Chairman Lee Jae-yong of Samsung Electronics and Chinese Premier Li Keqiang shaking hands before their meeting at Shilla Hotel in Seoul on the 26th. Photo=Provided by Samsung Electronics,
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, ‘According to Samsung Electronics on the 27th, Chairman Lee met with Premier Li who visited Korea for the 9th Korea-Japan-China summit at Shilla Hotel in Seoul on the 26th. Among the companies that Premier Li had a separate meeting with during this visit, Samsung Electronics was the only one. Premier Li visited Samsung Electronics’ Suwon and Gyeonggi plants as a secretary during the state visit of then-Secretary General Xi Jinping in 2005. The meeting with Chairman Lee took place 19 years later.’,
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, ‘Chairman Lee expressed deep gratitude to Premier Li, saying, “I am deeply grateful for helping Samsung and its partner companies overcome the crisis during the COVID-19 period.” The Chinese government supported minimizing disruptions to Samsung’s business by granting special flights for Samsung employees in China during the COVID-19 period, preventing production stoppage at Samsung Electronics’ semiconductor factory during the Xi’an lockdown, and supporting the early operation of Samsung SDI’s battery core partner during the Shanghai lockdown.’,
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, ‘Premier Li also responded to Chairman Lee, welcoming expanded investment and cooperation. According to the Chinese Ministry of Foreign Affairs, Premier Li said to Chairman Lee, “Samsung’s cooperation with China is a vivid miniature of mutual benefits and cooperation development between both countries, and I hope that the two countries will explore cooperation potential in new areas such as advanced manufacturing, digital economy, artificial intelligence (AI), green development, and biopharmaceuticals to enhance the quality of China-Korea economic and trade cooperation.” He further emphasized, “China’s large market is always open to foreign companies,” and “We will gradually promote institutional openness to expand market access and actively resolve companies’ concerns and demands in compliance with the treatment of foreign companies, and welcome the expansion of Korean companies such as Samsung in investment and cooperation with China for more new opportunities brought by China’s new development.”‘,
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, ‘At this meeting, key Samsung executives including Jun Young-hyun, Vice Chairman of Samsung Electronics’ Semiconductor (DS) division, No Tae-moon, President of the DX division MX business unit at Samsung Electronics, Park Hak-kyu, Director of Samsung Electronics’ Management Support Division, Choi Yun-ho, President and CEO of Samsung SDI, Choi Joo-sun, President and CEO of Samsung Display, Yang Geol, President of Samsung China, Kim Won-kyung, President of Samsung Electronics’ Global Public Business Office, and other Samsung executives attended. From the Chinese side, including Assistant Secretary General Wu Jinglong, Director of the Publicity Department Jin Zhonglong, Director of the Trade Office Wang Wentao, Director of the Ministry of Culture and Tourism Sun Yeli, Deputy Chief of Mission at the Chinese Embassy in Korea Xing Haiming, and Ambassador Ma Zhaoxi attended.’,
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, ‘Chairman Lee has been making efforts to build a network with key figures in China including President Xi Jinping, Premier of the State Council, and members of the Political Bureau. His relationship with President Xi began in 2005 when President Xi, who was then Secretary General, visited Samsung Electronics’ Suwon plant. Chairman Lee further solidified his relationship when he served as a council member of the Boao Forum for Asia in 2013. In 2020, despite overseas travel restrictions due to COVID-19, Chairman Lee inspected Samsung’s Xi’an semiconductor plant in China. He was the first business leader to visit China after the outbreak of COVID-19.’,
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, ‘Samsung continues to carry out various social contribution programs in China. Samsung has been ranked first in corporate social responsibility (CSR) evaluations of foreign companies in China released by the Chinese Academy of Social Sciences since 2013 for 11 consecutive years. Samsung operates programs such as the Science Fair for middle and high school students and university students, and the ‘Samsung STEM Girls Program’ for girls aged 12-16 to foster talent in science and technology fields. Since 2015, Samsung has been carrying out the ‘Sharing Village Project’ in collaboration with the China Poverty Alleviation Foundation to promote rural tourism and help villages achieve self-reliance.’,
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