Hyosung's president met with a Ho Chi Minh City leader to discuss strategic partnership, the company said Sunday.

Cho Hyun-joon, president of the South Korean conglomerate focusing on textile and chemicals, had a meeting with Dinh La Thang, secretary of the Ho Chi Minh City Party Committee, in Seoul on Friday to discuss cooperation including plans to expand infrastructure in Ho Chi Minh City.

“Hyosung has invested in the Southern region in Vietnam and the place has become the biggest production center for our core products,” Cho said. “In the future, we plan to expand our cooperation with Ho Chi Minh City in other areas such as petrochemistry, electric parts, roads and sewage infrastructure and IT in which Hyosung can utilize our technology and know-how,” Cho added.

“We appreciate that Hyosung has created quality jobs and contributed to the Vietnamese economy,” said Dinh.

“As Korean companies and Vietnam have already developed a close tie, we look forward to seeing more participation from South Koran companies in developing Ho Chi Minh City’s economy.”

Hyosung has invested a total of $1.2 billion in an industrial cluster near Ho Chi Minh City since 2007, producing the company’s core products such as spandex and tire cord, the company said. The company employs about 6,000 locals in Vietnam.

By Park Ga-young (gypark@heraldcorp.com)