CMSC to strengthen cooperation with Korean businesses

At the meeting, Mr. Koh Jong Hwan put forth recommendations to promote investment cooperation in Vietnam in the coming time. According to Mr. Koh Jong Hwan, SK Group is the second largest South Korean enterprise behind Samsung Group. SK Group is composed of 186 subsidiaries and affiliates that share the SK brand name and the group's management culture, named SKMS (SK Management System). The group is controlled by estate of Chey Tae-won through a holding company SK Inc. The cornerstone of SK Group is its energy and chemicals division.

Mr. Koh Jong Hwan, Chief Representative of SK Group in Vietnam

While its largest businesses are primarily involved in the energy, petroleum, and chemical industries, the group also owns the nation's largest wireless mobile phone service provider SK Telecom, and provides services in construction, marketing, local telephone, high-speed Internet, and wireless broadband (WiBro), and also the owner of SK Hynix, the world's fourth largest chipmaker.

“SK Group has implemented several new projects in Vietnam, including investment activities with large corporations such as VinGroup, Masan and Imexpharm. In particular, SK Group is particularly interested in setting up partnerships supporting small and medium enterprises”, said Mr. Koh Jong Hwan.

With the desire to fulfill its commitment to become a long-term investor in Vietnam, Mr. Koh Jong Hwan said that SK Group is interested in areas that Vietnam is prioritizing investment attraction such as clean energy, high technology and healthcare. Therefore, Mr. Koh Jong Hwan asked CMSC to introduce and connect with potential partners in these fields.

CMSC Deputy Chairman Ho Sy Hung

“CMSC always appreciates suggestions and recommendations by SK Group and other Korean enterprises”, said CMSC Deputy Chairman Ho Sy Hung. According to Mr. Ho Sy Hung, the CMSC is a government agency and exercises rights and take on duties as the owner’s representative to wholly State-owned enterprises and State capital invested in joint-stock companies and multi-member limited liability companies. There are 19 enterprises of which CMSC acts as the owner’s representative.

CMSC Deputy Chairman Ho Sy Hung suggested that SK Group to cooperate and support the CMSC’s enterprises to gain competitive advantage to enable to participate in the global supply chain. In addition, CMSC Deputy Chairman Ho Sy Hung expressed his support for SK's cooperation proposal in the fields of energy, healthcare - pharmaceuticals, and logistics; and urged SK Group to research and support a number of enterprises under CMSC in the energy transition and implementation of the carbon emission reduction roadmap.