Erdoğan Meets Chung Euisun, Roh Tae-moon and Others to Discuss Expanding Cooperation with Türkiye
Meetings with executives from LG Electronics, SK Chemicals, and other companies
Turkish President Recep Tayyip Erdoğan, who is on a state visit to South Korea, reportedly met successively with executives from major South Korean companies, including Euisun Chung, Executive Chair of Hyundai Motor Group, to discuss ways to strengthen cooperation between the two countries.
According to social media accounts of the Turkish Presidential Office and other sources on Wednesday, President Erdoğan met with Chung at a location in Seoul that day for tea and reportedly discussed comprehensive cooperation, including expanding the electric vehicle business. Hyundai Motor Group Vice Chairman Jang Jaehun and President Sung Kim, who is in charge of strategic planning, also attended.
Since establishing its first overseas production base in Türkiye in 1997, Hyundai Motor Group has expanded its local production operations, building annual capacity of 200,000 vehicles and producing a cumulative total of 3.4 million vehicles. In particular, the plant serves as a key production hub for the European market, having begun mass production of the new IONIQ 3 there in August. Chung also attended the state banquet held at the Cheong Wa Dae Guest House on Tuesday.
Executives from Samsung Electronics, including CEO and Head of the Device eXperience (DX) Division Roh Tae-moon, also met with President Erdoğan. Samsung Electronics has local sales subsidiaries for home appliances, TVs, and mobile devices in Türkiye.
LG Electronics CEO Ryu Jae-cheol and Vice President Lee Samsu also reportedly met with President Erdoğan. LG Electronics also has a sales subsidiary in Istanbul, Türkiye, and operates an air conditioner plant in Gebze, Kocaeli Province, through a joint venture equally owned with local home appliance maker Arçelik.
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SK Chemicals CEO Ahn Jaehyun and SK Plasma CEO Kim Seungju also met with President Erdoğan. SK Plasma, an affiliate of SK Chemicals, is participating in the Turkish government's "blood product self-sufficiency project" and is pursuing the construction of a local plant and the transfer of technology.
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