The CEOs of major South Korean conglomerates will attend an economic forum in Vietnam this month as leaders from both countries recently agreed to expand trade and economic cooperation.
Analysts say that Vietnam has become a potential manufacturing base for Korean tech giants while China is losing its status as the “world’s factory” amid tensions with the United States.
The Korea-Vietnam Economic Forum will be held in Hanoi and is expected to attract Korean business leaders such as Lee Jae-yong, chairman of Samsung Electronics; Chey Tae-won, chairman of SK Group; Chung Eui-sun, chairman of Hyundai Motor Group; Koo Kwang-mo, chairman of LG Group; and Shin Dong-bin, chairman of Lotte Group….