"What brings Chairman Lee Jae-yong to Moscow? Does Samsung have some major project planned for launch here? I haven't heard anything about it."
Wang Ye pondered for a moment before asking.
Park Chang-sung hurriedly replied respectfully, "The chairman's primary purpose in coming here is to meet with you and discuss the possibility of launching certain investment projects in Russia."
Samsung's branch in Russia had been established for quite some time, but it had not conducted much business. Aside from selling Samsung electronics such as mobile phones, televisions, laptops, MP3 players, and digital cameras, it had no physical projects. All of its products were imported.
By then, Samsung had already grown into an enormous corporation with a highly recognizable brand. It made practically everything, and did quite well at all of it...
From Park Chang-sung's words, it seemed Samsung intended to increase its investment in Russia. Lee Jae-yong's visit to Wang Ye was naturally an attempt to take the upper route and seek preferential policies for the company's major projects.
That was perfectly normal. Russia's economy had developed rapidly over the past few years, and its population was not small either. It was considered a fairly sizable market.
If Samsung wanted to develop further there, investing locally and building factories was essential.
Moreover, Russia was particularly suitable for investment at the time.
Rapid economic growth, a large highly educated population, cheap industrial land, favorable investment policies...
Those were precisely the factors foreign businesses considered first when investing.
Samsung might have been the first foreign giant planning to invest there on a large scale, but it certainly would not be the last!
And if Samsung's investment proceeded smoothly, many foreign companies still sitting on the fence might come flooding in. In a sense, Samsung's investment carried considerable symbolic significance.
Wang Ye would