Ministers Dr P Narayana and BC Janardhan Reddy continued their South Korea tour on Monday, holding a series of meetings with leading industrial giants and business groups in Seoul to attract investments into the state.
Accompanied by officials of the AP Economic Development Board (APEDB) and Indian Embassy, the ministers extended invitations to South Korean companies to participate in the CII Partnership Summit scheduled for November 14-15 in Visakhapatnam
They highlighted investment opportunities under Chief Minister N. Chandrababu Naidu’s leadership and assured global investors of AP’s investor-friendly policies.
In the morning session, the ministers met with Indian Embassy Deputy Chief of Mission Nishan Kant Singh and First Secretary Sanjana Arya, discussing collaborative opportunities.
Later, they held talks with LG Chem, the ninth-largest chemical company in the world, and invited its top management to consider expanding operations in Andhra Pradesh. They also met executives of LS Group, South Korea’s leading electronics and energy conglomerate, to pitch investment prospects.
In the afternoon, the delegation held discussions with Shoeall Co., Ltd CEO Lee Cheong-geun, whose firm specializes in medical and smart footwear.
The ministers urged the company to explore opportunities in Andhra Pradesh’s industrial hubs.The highlight of the day was the AP-South Korea Business Forum Partnership Summit Road Show in Seoul, where the ministers showcased AP’s growth story. They noted that `10 lakh crore worth of investments across 156 projects were secured last year alone., creating nearly eight lakh jobs. Andhra Pradesh’s long coastline, modern ports, international airports, industrial corridors, and large land banks were presented as strong advantages
In the evening, the ministers engaged with SK Hynix Semiconductor, a global leader in memory chip production. The day concluded with a visit to Seoul’s iconic N Tower, where they studied tourism infrastructure models for potential adaptation in AP.
The ministers reiterated that Andhra Pradesh is positioning itself as a future-ready investment hub, with quick approvals through the single-window system and a transparent digital governance framework
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