HDC Group Chairman Chung Monggyu Visits China to Review Ongoing Business Issues

Chung Monggyu, chairman of HDC Group (right in the photo), is inspecting potential sites for business development in China with the heads of affiliated companies. Provided by HDC Group

Chung Monggyu, Chairman of HDC Group, visited China as his first overseas destination this year to inspect candidate sites for business development.

According to HDC Group on February 9, Chairman Chung visited Beijing, Tianjin, and other locations from February 7 to 9 on a two-night, three-day schedule together with Do Gitaq, CEO of HDC, Kim Byoungchul, CEO of HDC Young Chang, and Choi Pilseok, Head of the China subsidiary of HDC Hyundai EP, to review the current status of affiliate companies' business operations and to discuss new business development.

HDC Group is conducting business in China through HDC Young Chang, a comprehensive musical instrument and culture company, and HDC Hyundai EP, an advanced materials and components manufacturer.

A representative of HDC Group said, "Although China's economy is in a slowdown phase, we believe that now is actually the right time to invest in our business in China," adding, "We will continue to focus on China, touring various candidate sites for development centered on our affiliates that have entered the Chinese market, and will actively seek opportunities to expand our business and invest."

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