Emerging bromance between Samsung leader Lee Jae-yong and Hyundai leader Chung Eui-sun continued Tuesday at Hyundai’s study center in Namyangju, Gyeonggi Province, where the two former archivists met to discuss long-term mobility cooperation.
They met for the first time in May, when Chung visited Samsung’s factory in Cheonan, South Chungcheong Province to discuss the development of electric-car batteries.
The two tycoons discussed cooperation projects in the next-generation mobility box, ranging from cars to self-driving cars and urban air mobility.
Future commercial spaces planned through car manufacturer Hyundai match Samsung’s new expansion engines in automotive parts, synthetic intelligence and 5G communication technology.
Lee announced in August 2018 that he would invest 180 billion W in AI, 5G, biotechnology and auto parts over the next 3 years and rent 40,000 (US$1 – 1,197 W).
Industry observers say that synergy between the two conglomerates can have primary effects. An industry expert said: “The national festival makes no sense in an era of unlimited world festival across borders and industries.”
The source added that greater cooperation between business leaders, which also includes SK Group Chairman Chey Tae-won and LG President Koo Kwang-mo, raises the option of unprecedented synergy between Korean conglomerates, who have historically been at war as they fight for a finger. . in each and every cake.