The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    South Korea speeds up full-fledged deployment of US anti-missile battery

  • 3

    INTERVIEWHow ATEEZ achieved worldwide success

  • 5

    ANALYSISTesla, BYD's price cuts unnerve LGES, Samsung, SK

  • 7

    Firstborns account for record-high 63% of newborns

  • 9

    Apple Pay service limited by lack of NFC terminals

  • 11

    Chun Doo-hwan's grandson to apologize to victims of Gwangju massacre

  • 13

    Korean police search for 2 Kazakhstanis who fled airport

  • 15

    Samsung chief inspects production plants in China for first time in 3 years

  • 17

    Yoo Ah-in appears before police over alleged use of illegal drugs

  • 19

    Cook praises China's innovation, long history of cooperation on China visit

  • 2

    Lee Sun-kyun, Lee Ha-nee reunite in new rom-com 'Killing Romance'

  • 4

    Kakao seeks to bolster SM's global presence as new owner

  • 6

    Actor Yoo Ah-in appears for questioning over alleged drug use

  • 8

    4 young Nigerian siblings killed in house fire in Ansan

  • 10

    Foreign minister hosts Iftar dinner for Muslims in Korea

  • 12

    Busan aims to win hearts of developing nations in Expo 2030 bid

  • 14

    Bank failures and rescue test Yellen's decades of experience

  • 16

    From mines to mobility: 140-year-old partnership between Germany and Korea

  • 18

    Unrest on the Island of World Peace in 1903

  • 20

    Putin says Russia will station tactical nukes in Belarus

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
North Korea
Tue, March 28, 2023 | 07:59
South Korea's tycoons to go to Pyongyang
Posted : 2018-09-16 17:15
Updated : 2018-09-17 15:22
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
From the left are Samsung Electronics Vice Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, LG Group CEO Koo Kwang-mo and Hyundai Motor Group Vice President of  Kim Yong-hwan, among business leaders who will visit North Korea. Yonhap.
From the left are Samsung Electronics Vice Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, LG Group CEO Koo Kwang-mo and Hyundai Motor Group Vice President of Kim Yong-hwan, among business leaders who will visit North Korea. Yonhap.

South Korea's advance team arrives in Pyongyang Sunday


By Yi Whan-woo

Top executives from the country's top four conglomerates, including Samsung Electronics Vice Chairman Lee Jae-yong, will accompany President Moon Jae-in to Pyongyang for possible talks on inter-Korean business cooperation.

This bodes well for a planned third summit between Moon and North Korean leader Kim Jong-un, but at the same time could trigger disputes about the effectiveness of their visit as sanctions against North Korea remain intact.

Presidential chief of staff Lim Jong-seok said Lee, Hyundai Motor Group Vice Chairman Kim Yong-hwan, SK Group Chairman Chey Tae-won and LG Group CEO Koo Kwang-mo will join the 200-member Seoul delegation that will leave for Pyongyang, Tuesday.

Lim said the group will also include Hyun Jeong-eun, the chairwoman of Hyundai Group, the operator of the now-suspended tour project in North Korea.

Lim's announcement comes in the lead-up to Moon's first visit to Pyongyang from Tuesday to Thursday for his third summit with Kim.

The two leaders agreed to meet in the North Korean capital sometime this fall during their first summit at Panmunjeom, April 27. The second summit also took place at Panmunjeom on May 26.

Whether to include leaders from the top conglomerates as delegates drew keen attention because it was seen as a symbolic gesture for South Korea's willingness to resume cross-border economic cooperation.

Seoul has been cautious about violating the U.N. Security Council's economic sanctions on North Korea and has been prudent about resuming relevant cooperation with Pyongyang.

Other 200 delegates will include presidential staff, Cabinet members, politicians, religious leaders, labor activists, women's rights activists, musicians and journalists.

Among them are Unification Minister Cho Myoung-gyon, Foreign Minister Kang Kyung-wha, Defense Minister Song Young-moo, Culture Minister Do Jong-hwan, Transport Minister Kim Hyun-mee, Oceans and Fisheries Minister Kim Young-choon, ruling Democratic Party of Korea (DPK) Chairman Lee Hae-chan and leaders of two liberal opposition parties _ Chung Dong-young of the Party for Democracy and Peace and Lee Jeong-mi of the Justice Party.

Seoul Mayor Park Won-soon and Gangwon Provincial Governor Choi Moon-soon will represent heads of the local governments, while heads of South Korea's two largest umbrella labor unions _ Kim Ju-young of the Federation of Korean Trade Unions (FKTU) and Kim Myeong-hwan of the Korean Confederation of Trade Unions (KCTU) _ will represent the labor activists.

Former football star Cha Bum-kun, Olympic women's table tennis champion Hyun Jung-hwa, rapper Zico, pop singer Ailee and composer Kim Hyung-suk will join as well.

Cha advocates a plan for a World Cup jointly hosted between the two Koreas in 2034. Hyun was a member of the joint team at the 1991 World Table Tennis Championships.

The number of delegates this year is about 70 to 80 less than those for the two inter-Korean summits in Pyongyang involving former presidents Kim Dae-jung and Roh Moo-hyun in the 2000s.

A Cheong Wa Dae official said this was because North Korea found it burdensome for the South to bring a large-scale delegation, especially considering Pyongyang just hosted its 70th founding anniversary last week.

Meanwhile, South Korea has been making last-minute preparations for the summit.

On Sunday, it sent a 100-member advance team to Pyongyang to fine-tune details on security, protocols and press coverage.

The team includes Kwun Hyuk-ki, a spokesman in charge of the Cheong Wa Dae press center and broadcasting technician.

They traveled to the North by land route, passing a customs, immigration and quarantine (CIQ) office in Paju, Gyeonggi Province _ one of the two inter-Korean transit offices _ at 6:50 a.m. and arriving at Pyongyang in the afternoon.

The National Assembly on Sunday was divided over the third summit.

In a welcoming statement announced by its floor spokeswoman Park Kyung-mee, the DPK said the Pyongyang meeting is "expected to open the path for peace and prosperity."

She added, "The fate of the Korean Peninsula depends on the leaders of the two Koreas. The United States, China, Japan and Russia all acknowledge the two Koreas as the key players and are paying attention with high expectation."

The main opposition Liberty Korea Party expressed concerns, claiming the summit agenda still has not been finalized.


Emailyistory@koreatimes.co.kr Article ListMore articles by this reporter
 
Top 10 Stories
1[ANALYSIS] Tesla, BYD's price cuts unnerve LGES, Samsung, SK ANALYSISTesla, BYD's price cuts unnerve LGES, Samsung, SK
2Yoo Ah-in appears before police over alleged use of illegal drugs Yoo Ah-in appears before police over alleged use of illegal drugs
3US aircraft carrier to visit Busan amid NK provocationsUS aircraft carrier to visit Busan amid NK provocations
4Families of foreign construction workers can receive retirement pay: court Families of foreign construction workers can receive retirement pay: court
5Indonesian investment minister promotes EV cooperation with Korea Indonesian investment minister promotes EV cooperation with Korea
6Korean crypto investors want Do Kwon punished in USKorean crypto investors want Do Kwon punished in US
7Nongshim plans to build plant in eastern US region Nongshim plans to build plant in eastern US region
8Gimpo-China flights recover to pre-pandemic levels Gimpo-China flights recover to pre-pandemic levels
9Right-wing Japanese support Seoul-Tokyo ties: Korean envoy to JapanRight-wing Japanese support Seoul-Tokyo ties: Korean envoy to Japan
10Local bank stocks hit by shockwaves from SVB, CS collapses Local bank stocks hit by shockwaves from SVB, CS collapses
Top 5 Entertainment News
1Kim Min-gyu, Go Bo-gyeol bid farewell to 'The Heavenly Idol' Kim Min-gyu, Go Bo-gyeol bid farewell to 'The Heavenly Idol'
2Han Suk-kyu on return of 'Dr. Romantic' with Season 3 Han Suk-kyu on return of 'Dr. Romantic' with Season 3
3Kim Nam-gil to embark on Asia fan-meeting tour Kim Nam-gil to embark on Asia fan-meeting tour
4Lee Sun-kyun, Lee Ha-nee reunite in new rom-com 'Killing Romance' Lee Sun-kyun, Lee Ha-nee reunite in new rom-com 'Killing Romance'
5[INTERVIEW] How ATEEZ achieved worldwide success INTERVIEWHow ATEEZ achieved worldwide success
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group