BUSAN < invest Korea

According to Yonhap News,

Top executives of the Samsung and SK groups are expected to visit Britain and Japan this month to promote South Korea's bid to host the 2030 World Expo in the southern city of Busan, sources said Thursday.

Samsung Electronics Vice Chairman Lee Jae-yong is reportedly planning to visit Britain later this month after the appointment of Britain's new prime minister.

SK Group Chairman Chey Tae-won is expected to visit Japan this month also as part of the government's World Expo bid campaign.

Talks are reportedly under way for Lee and Chey to meet with the prime ministers of respective nations.

A presidential office official told reporters Lee will serve as a presidential envoy for South Korea's World Expo bid.

Sources, however, said the schedules of both Lee and Chey have not yet been finalized.

Prime Minister Han Duck-soo said at a press conference last month that he expects Lee to visit several countries in Europe right before Chuseok, the fall harvest holiday that begins next week, to support South Korea's World Expo bid.

Heads of Hyundai Motor, LG and Lotte groups could also join the government's overseas World Expo bid campaign as presidential envoys, according to the sources.

South Korea is competing with Italy and Saudi Arabia, and the final winner is expected to be announced in November 2023.

odissy@yna.co.kr

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Source: Yonhap News (Sept. 01, 2022)