HDC Group Chairman Chung Mong-kyu visited China as his first overseas trip this year to explore opportunities for expanding investment.
According to HDC Hyundai Development Company on the 9th, Chairman Chung visited Beijing and Tianjin, China, for three days and two nights from the 7th through that day. Chairman Chung reviewed ongoing business matters of affiliates and held discussions on new business development. He was accompanied on the trip by HDC CEO Do Ki-tak, HDC Youngchang CEO Kim Byung-chul, and Choi Pil-seok, head of HDC Hyundai EP's China operations.
HDC Group has been making continuous efforts to expand business opportunities in China, including entering the Chinese market through HDC Youngchang, a comprehensive musical instrument and cultural company, and HDC Hyundai EP, a high-tech materials and components manufacturer.
An HDC Group official said, "Although China's economy is experiencing slowing growth, now is actually the right time to invest." The official added, "We will look at various development candidate sites, focusing on affiliates that have entered China." The official continued, "We will continue to pay attention to China and actively seek business expansion and investment opportunities."