An inauguration ceremony was held in Seoul on May 27 in the presence of Vietnamese Ambassador to the RoK Tran Trong Toan and RoK Trade Minister Kim Jong-hoon.

Addressing the function, Ambassador Toan stressed that the appointment shows the Vietnamese government’s appreciation of the contributions that Koo Cha-yol has made as a social activist, a successful businessman and an enthusiastic investor to strengthening the friendship and cooperation between the two countries as well as protecting Vietnamese residents in the RoK.

According to the ambassador, Vietnam is boosting cooperation with Kyonggi-Incheon region, which has an important position on the RoK’s economic-political map, especially in economics and culture.

Koo Cha-yol pledged to further support Vietnamese residents in the RoK and strengthen the friendship between the two peoples.

His company started to invest in Vietnam in 1996 and built the LS-Vina joint venture in Hai Phong city.