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Chinese leader to tour Samsung Electronics during South Korea visit

Updated : 2014-06-22 11:55

Chinese leader to tour Samsung Electronics during South Korea visit

Chinese President Xi Jinping is expected to tour a main Samsung Electronics facility when he visits South Korea early next month, industry sources said Sunday.
Xi will be guided by the company’s vice chairman Lee Jay-yong, the heir-apparent of Samsung Group, and they will also hold talks, the sources said. The tour was arranged at Samsung’s request, they said.
Xi is expected in South Korea in the first week of July. Japanese media reports said he will visit on July 3-4.
The Chinese president will tour the tech giant’s facility either in Suwon or Kiheung, both just about 40 kilometers south of Seoul, according to the sources. He toured the Samsung plant in 2005 when he was a party official. In 2007, he visited the Samsung plant in the Chinese city of Suzhou.
Xi and Lee previously met in 2010 when Xi was vice president. (Yonhap)

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KB Kee is the Managing Editor of the Moat Report Asia (www.moatreport.com), a research service focused exclusively on highlighting undervalued wide-moat businesses in Asia; subscribers from North America, Europe, the Oceania and Asia include professional value investors with over $20 billion in asset under management in equities, some of the world’s biggest secretive global hedge fund giants, and savvy private individual investors who are lifelong learners in the art of value investing. KB has been rooted in the principles of value investing for over a decade as an analyst in Asian capital markets. He was head of research and fund manager at a Singapore-based value investment firm. As a member of the investment committee, he helped the firm’s Asia-focused equity funds significantly outperform the benchmark index. He was previously the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. KB has trained CEOs, entrepreneurs, CFOs, management executives in business strategy, value investing, macroeconomic and industry trends, and detecting accounting frauds in Singapore, HK and China. KB was a faculty (accounting) at SMU teaching accounting courses. KB is currently the Chief Investment Officer at an ASX-listed investment holdings company since September 2015, helping to manage the listed Asian equities investments in the Hidden Champions Fund. Disclaimer: This article is for discussion purposes only and does not constitute an offer, recommendation or solicitation to buy or sell any investments, securities, futures or options. All articles in the website reflect the personal opinions of the writer.

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