On the morning of September 5, Huang Chuping, the member of Standing Committee of Hubei Provincial Committee, Yichang Municipal Party Secretary and Director of Municipal People\'s Congress, met with Son Jong-ho, CEO of LS Cable & System Ltd (Korea) and Koo Ja-eun, COO of the group. Huang extended his warm welcome to more Korean companies to invest and establish their businesses in Yichang and achieve win-win results and harmonious development at the important and historical moment of Yichang’s rapid development at present.

　　Huang hopes that LS Group can grasp the important opportunity to increase investment, extend the industry chains and speed up the construction of the company\'s Mechanical and Electrical Industrial Park in Yichang. He said, it is hoped that by soliciting business with business, more and better Korean companies will invest and establish their business in Yichang to achieve win-win results and harmonious development. He promised, the government will uphold the concept of “putting the industry and entrepreneurs in the first place", provide them with meticulous service and first-class environment of development to let the enterprises develop in secure, comfortable and happy conditions in Yichang.

　　LS Group is a famous transnational corporation in the world. In 2009, after its acquisition of Hubei Yongding Hongqi Electric Co., Ltd (Yichang), it established the China-Korea joint——LS Hongqi Cable & System Co., Ltd. From January to July this year, the company created a total output value of 840 million RMB and achieved a year-on-year increase of 201.3%. Huang spoke highly of the rapid development and high-quality growth of LS Hongqi Cable & System and showed his gratitude to LS Group for its contribution to the economic development of Yichang and Hubei.

　　Son Jong-ho appreciated the substantial supports to the development of his company by Yichang Municipal Party Committee and the Municipal Government. He believed, Yichang is an impressive city for him with its rapid development in recent years, and next time he may take a bullet train from Seoul to Wuhan and the come to Yichang. He expressed his eagerness for continuous increase of investment in Yichang to develop LS Hongqi Cable & System into a top-class enterprise in China. He also said, he will highly recommend Yichang to Korean entrepreneurs and suggest them to invest more in Yichang and Hubei; and is looking forward to more cooperation in the future.