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Samsung heir in South Korea's delegation to North: Seoul

AFP  |  Seoul 

The heir to the empire and the leaders of several other South Korean conglomerates will go to this week for an inter-Korean summit, announced Sunday.

Samsung's and the heads of the SK and groups will be part of Moon Jae-in's delegation as he heads for a meeting with the North's Kim Jong Un, Moon's office said.

Kim Yong-hwan, of - whose founder was a refugee from the North - will be among the entourage. Hyun Jeong-eun, of the separate which pioneered many cross-border economic projects, will also accompany Moon.

Hyun met Kim's father several times. She was among the first South Koreans to meet the young when he assumed power following his father's death in 2011.

Moon, a dove who favours dialogue with the North to nudge it toward denuclearisation, has advocated closer economic ties across the border, despite multiple sanctions on the North over its atomic weapons and ballistic missile programmes.

He is set to fly to the North's capital on Tuesday for a three-day summit with Kim - his third meeting this year with the young ruler of the isolated country.

The delegation of about 200 includes top officials including its spy chief, as well as prominent figures in the economy, religion, culture and sports, Moon's office said.

Lee is the de facto of the group, by far the South's biggest conglomerate, which includes Electronics - the world's largest maker of as well as

Other delegates include Hyginus of the Catholic church, a who led the joint inter-Korean team which competed in the South's 2018 Winter Olympics, and K-pop star

"The upcoming summit will help pave the way for more vibrant cross-border exchanges," Moon's office said in a statement.

US efforts to persuade the nuclear-armed North to disarm have been stalled for months after Kim and US vowed to denuclearize the peninsula at a landmark summit in June.

Moon, who was instrumental in brokering that meeting, is hoping to play the role of a again this week. He is also expected to discuss several joint economic projects agreed during his first summit with Kim at the border truce village of in April.

One of those agreements came to fruition on Friday when the two Koreas opened a joint liaison office in the North's city of Kaesong, which once hosted a joint industrial estate shuttered in 2016 by Moon's conservative predecessor.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, September 16 2018. 15:40 IST