Lee Jae-yong and Chung Eui-sun Reunite After Two Months... Hyundai Motor Namyang Research Center Unusually Opened

[Asia Economy Reporter Kim Hyewon] Samsung Electronics Vice Chairman Lee Jae-yong and Hyundai Motor Group Executive Vice Chairman Chung Eui-sun met again on the 21st at Hyundai-Kia Motors' R&D hub, Namyang Research Center.

According to industry sources on the 21st, Vice Chairman Lee held a second meeting with Executive Vice Chairman Chung at Hyundai-Kia Motors' Namyang Research Center for two hours starting around 9:30 a.m. This reunion came just over two months after Executive Vice Chairman Chung visited Samsung SDI's Cheonan plant in May. This meeting was a return visit by Vice Chairman Lee.

Vice Chairman Lee Jae-yong of Samsung Electronics (left in photo), Executive Vice Chairman Chung Eui-sun of Hyundai Motor Group

From Samsung Group, Vice Chairman Lee was accompanied by Kim Ki-nam, Vice Chairman of Samsung Electronics' Device Solutions (DS) Division; Kang In-yeop, President of Samsung Electronics' System LSI Business; Hwang Sung-woo, President of Samsung Electronics' Advanced Institute of Technology; and Jeon Young-hyun, President of Samsung SDI. From Hyundai Motor Group, Seo Bo-shin, President in charge of Production Quality, and Park Dong-il, Vice President in charge of Electronics, attended.

Executive Vice Chairman Chung personally explained Hyundai Motor Group's future new growth drivers such as next-generation eco-friendly vehicles, urban air mobility (UAM), and robotics to Vice Chairman Lee, and they exchanged opinions on potential collaboration. Vice Chairman Lee toured the Namyang Research Center and reportedly test-drove autonomous vehicles and hydrogen fuel cell vehicles.

It is extremely rare for Hyundai-Kia Motors to open its R&D forward base, Namyang Research Center, to the head of another group. Although key domestic and international figures, including President Moon Jae-in, have visited before, this is the first time a business group head has visited. Especially since Samsung Group and Hyundai Motor Group are the top two competitors in the business world, the consecutive meetings between the two chairmen are seen as a positive example of joining forces to pioneer new markets beyond mere symbolic significance.

This content was produced with the assistance of AI translation services.