
Discussing ways to cooperate between the two countries in areas such as electric vehicles, home appliances, and biotechnology... Meeting of business leaders including Chairman Chung Eui-sun
President Recep Tayyip Erdogan Turkiye, who was on a state visit to Korea, met with Hyundai Motor Group Chairman Eui-sun Chung and executives of major companies such as Samsung, LG, and SK to discuss comprehensive economic cooperation between the two countries, including electric vehicles, home appliances, and biotechnology.
AI-generated summary
President Recep Tayyip Erdogan paid a state visit to Korea and met with major domestic businesspeople.
LG Electronics Ryu Jae-cheol, SK Chemicals Ahn Jae-hyun, and SK Plasma Kim Seung-ju also met.
(Seoul = Yonhap News) Reporters Jang Ha-na, Im Seong-ho, and Kang Tae-woo = President Recep Tayyip Erdogan, who was on a state visit to Korea, reportedly met with executives of major domestic companies, including Hyundai Motor Group Chairman Chung Eui-sun, to discuss ways to cooperate between the two countries.
This can be interpreted as a move to strengthen cooperative relationships with Korean companies based in Turkye and expand the contact points of economic cooperation.
According to the business community and President Turkyeong's office social media (SNS) on the 4th, President Erdogan reportedly met with Chairman Chung somewhere in Seoul, had tea time, and discussed comprehensive cooperation plans, including expansion of the electric vehicle business. Vice Chairman Jang Jae-hoon and Strategic Planning President Seong Kim were also present.
Since establishing the Turkiye Plant as its first overseas production base in 1997, Hyundai Motor Group has expanded its local production base by establishing an annual production system of 200,000 units and producing a cumulative 3.4 million units. In particular, the Turkiye plant began mass production of the new IONIQ 3, a strategic European vehicle model, in August, making it a key mass production base targeting the European market.
Prior to mass production, Chairman Chung visited the Turkiye factory at the end of July and personally inspected the mass production quality of the IONIQ 3.
Chairman Chung also attended the state dinner held at the Blue House guesthouse the day before.
Samsung Electronics executives, including CEO Roh Tae-moon and head of the DX (finished product) division (president), also met with President Erdogan. Samsung Electronics operates a local sales corporation for home appliances, TVs, and mobile devices in Turkye.
At LG Electronics, it is known that CEO Ryu Jae-cheol and Vice President Lee Sam-soo met with President Erdogan.
LG Electronics also has a sales subsidiary in Turkye Istanbul, and operates an air conditioner factory in Gebze, Kocaeli Province, through a half-owned joint venture with local home appliance company Arcelik.
SK Chemicals CEO Ahn Jae-hyeon and SK Plasma CEO Kim Seung-joo also met with President Erdogan to discuss ways to cooperate. SK Plasma, an affiliate of SK Chemicals, is participating in the Turkic government's 'blood product self-sufficiency project' and is promoting the construction of a local plant and technology transfer.
The two countries adopted four business agreements (MOUs) to expand cooperation in energy and key minerals following the summit meeting between President Lee Jae-myung and President Erdogan the previous day.
AI outlook — possibilities, not facts
Announcement of additional investment and MOU follow-up between companies from both countries
Likely · Within months

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