Lee’s Beijing State Visit Brings Massive Corporate Delegation President Lee Jae Myung arrived in China accompanied by a KCCI‑organized mission of roughly 200 senior executives, the first such Korean business delegation to China since 2019 [3]. The group was led by SK Group chairman Chey Tae‑won, Samsung Electronics chairman Lee Jae‑yong, and LG Group chairman Koo Kwang‑mo [3]. Their itinerary includes a business roundtable on the sidelines of the Lee‑Xi summit, underscoring the visit’s dual diplomatic‑economic purpose [3]. The delegation’s size and leadership signal strong private‑sector backing for deeper Korea‑China ties [3].

Business Forum Precedes Lee‑Xi Summit With Top Executives On the first day of the visit, Lee joined a high‑profile business forum that gathered senior leaders from Samsung, Hyundai, SK, LG and cultural firms such as SM Entertainment and Krafton [2]. Chinese counterparts included Ren Hongbin of the China Council for the Promotion of International Trade, Sinopec chairman Fu Qijun, and officials from ICBC, CATL, Tencent and ZTE [2]. The forum’s agenda highlighted cooperation in semiconductors, batteries, autonomous‑vehicle technology and cultural content [2]. Participation by both sides’ top executives demonstrates coordinated government‑business effort ahead of the summit [2].

Nine MOUs Cover Consumer Goods, Content and Supply‑Chain Tech At the forum, Korean and Chinese firms signed nine memorandums of understanding spanning consumer‑goods export, digital content and advanced supply‑chain projects [1]. Agreements include Shinsegae’s partnership with Alibaba International to sell Korean consumer products on Alibaba’s platform, and collaborations by Samjinfood, Farmstaff and PharmaResearch to expand Korean food and beauty exports to China [1]. Technology‑focused MOUs involve SWM and Lenovo developing a Level‑4 autonomous‑vehicle computing platform, and Keosung with BF Nano Tech planning a materials factory for power generation and water treatment [1]. The breadth of the MOUs reflects a concrete outcome of Lee’s economic push during the state visit [1].

Agreements Target Export Growth and Autonomous‑Vehicle Development The Shinsegae‑Alibaba pact aims to broaden Korean brand access to Chinese online shoppers, while the food‑beauty deals seek to increase market share for Korean products in China’s competitive consumer sector [1]. The autonomous‑vehicle platform joint venture will combine SWM’s vehicle expertise with Lenovo’s computing capabilities to commercialize Level‑4 self‑driving technology [1]. Keosung and BF Nano Tech’s materials factory is designed to supply components for power and water‑treatment applications, linking Korean industrial capacity with Chinese demand [1]. Collectively, the MOUs illustrate a strategic push to deepen trade, technology transfer and supply‑chain integration between the two economies [1].