'No. 3 in China' Li Zhanshu to Visit LG Science Park

Scheduled Visit to Innovation Gallery... Guided by Kwon Bong-seok, LG Vice Chairman

Li Zhanshu, the third-ranking official in China and Chairman of the Standing Committee of the National People's Congress (NPC), is scheduled to visit LG Science Park.
[Image source=Yonhap News]

[Asia Economy Reporter Han Ye-joo] Li Zhanshu, Chairman of the Standing Committee of the National People's Congress (NPC) of China and a member of the Political Bureau Standing Committee, who is visiting South Korea, will visit LG Science Park, LG Group's research and development (R&D) cluster.

According to industry sources on the 14th, Chairman Li will visit LG Science Park located in Magok-dong, Gangseo-gu, Seoul, on the 16th, the day after his arrival in Korea. LG Science Park is where the R&D organizations of eight major LG Group affiliates are gathered.

From LG's side, Vice Chairman Kwon Bong-seok is expected to welcome Chairman Li and his delegation. It is known that the delegation will tour the LG Innovation Gallery, which exhibits LG's future technologies and core flagship products, guided by Vice Chairman Kwon.

This LG visit was arranged after Chairman Li's side expressed a desire to visit domestic large corporations' research centers during his stay in Korea. Currently, LG Chem, LG Energy Solution, and LG Display have production facilities locally. Although LG has been gradually reducing its business in China since the THAAD incident in 2016, LG Energy Solution is the only affiliate expanding its business in China within the group.

Chairman Li is a high-ranking official ranked third in the power hierarchy within the Chinese Communist Party and is a close aide to Chinese President Xi Jinping. Leading a large delegation of about 60 members, Chairman Li will visit Korea for a 2-night, 3-day schedule from the 15th to the 17th. This visit is at the invitation of National Assembly Speaker Kim Jin-pyo and is strongly seen as a reciprocal visit following then-Speaker Park Byeong-seok's visit to China in early February. It is the first time in seven years since former NPC Standing Committee Chairman Zhang Dejiang visited Korea in 2015 that the NPC Standing Committee Chairman has come to Korea. On the 16th at 2 p.m., Chairman Li is scheduled to hold talks with Speaker Kim in the reception room of the National Assembly in Yeouido, followed by a joint press conference. A meeting with President Yoon Suk-yeol is also planned.

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