Samsung hosts Hyundai Motor Group executives for large-scale networking event
Samsung and Hyundai executives gather to expand cooperation into robotics, energy, and physical AI.
Quick Look
Samsung Electronics hosted Hyundai Motor Group executives at a large-scale networking event in Yongin to expand business cooperation into robotics, energy, and physical artificial intelligence.
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Why It Matters
Samsung and Hyundai have historical industry ties in South Korea, previously centered mainly on automotive components.
SEOUL, Nov. 9 (Yonhap) -- Samsung Electronics Co. said Monday it has hosted a large-scale event bringing together executives from Hyundai Motor Group to strengthen business ties and expand cooperation beyond automotive components into emerging sectors such as robotics, energy and physical artificial intelligence (AI).
The event, dubbed Hyundai Motor Group Thanks Day, was held at Samsung's training center in Yongin, just south of Seoul, bringing together 177 participants, including Hyundai Motor Group Vice Chairman Jang Jae-hoon, executives and senior officials from both groups' affiliates, as well as their spouses.
The gathering marked the first time the tech giant has hosted such a large-scale networking event for executives from another major South Korean business conglomerate.
"Hyundai Motor Group and Samsung have been trusted partners, jointly writing the history of South Korea's industry," Jun Young-hyun, vice chairman and head of Samsung's semiconductor business, said in his welcoming remarks.
"I hope Hyundai Motor Group's innovative vision for leading future mobility and Samsung Group's technological capabilities spanning components to finished products will come together to create new value and unlock limitless possibilities," he said.
Open Questions
- What specific joint projects will emerge from the partnership?
- Will there be capital investments between the two groups?
