According to Xinhua News Agency, a Chinese state-run media, Chey Tae-won, chairman of SK Group, met with He Lifeng, Chinese Vice Premier He Lifeng, on the 29th and promised to continue investing in China.
Chey, who also serves as chairman of the Korean Chamber of Commerce and Industry, met with He, who was considered to have absolute power over China’s economic policy.
He said, “China is fully applying a new development ideology and accelerating the construction of a new development paradigm, fostering new quality productivity and firmly promoting high-quality development.”
New quality productivity refers to the improvement of productivity through technological innovation. High-quality development is a development strategy of China that consists of five concepts: innovation, cooperation, green, openness, and sharing.
He also said, “We are strengthening efforts to attract foreign investment through creating a market-oriented and law-based global business environment, and we welcome the expansion of Korean companies’ investment in China.”
In response, Chey said, “SK Group has confidence in the Chinese economy, and we will continue to expand investment and cooperation with China.”
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