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Korean President visits Hyundai Motor plant

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The South Korean President, Mr Lee Myung-bak (right), visiting the Hyundai India plant at Irungattukottai near Chennai on Sunday. Mr Chung Mo ng-Koo (2nd right), Chairman, Hyundai Motor Company, is also seen. —
The South Korean President, Mr Lee Myung-bak (right), visiting the Hyundai India plant at Irungattukottai near Chennai on Sunday. Mr Chung Mo ng-Koo (2nd right), Chairman, Hyundai Motor Company, is also seen. —

Our Bureau

Chennai, Jan. 24

The President of the Republic of Korea, Mr Lee Myung-bak and the First Lady Ms Kim Yoon-ok visited the Hyundai Motor India factory near Chennai and interacted with employees, a company release said.

The President visited Chennai as part of his state visit , and will be the Chief Guest at the Republic Day Parade in New Delhi. Mr Chung Mong-Koo, Chairman and CEO, Hyundai-Kia Motor Group, was present on the occasion, the release said.

The President also felicitated Mr Venu Srinivasan, Honorary Consul General of the Republic of Korea, Chennai, for his efforts in fostering greater Indo-Korean relationships.

According to the release, Korea's Comprehensive Economic Partnership Agreement with India is the first free trade agreement with a member of the fast-growing BRIC (Brazil, Russia, India and China) nations. For India too, it is the first such agreement with a member state of the Organisation for Economic Cooperation and Development.

Mr Lee, the seventeenth President of Korea, is a graduate of Business Administration from the Korea University, and was one of the youngest CEOs to head Hyundai Engineering and Construction, the release said.

(This article was published in the Business Line print edition dated January 25, 2010)
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