Chey Tae-won, Koo Kwang-mo, Koo Ja-eun and other business leaders gather in Mexico to bolster economic cooperation

[Financial News, Mexico City, Mexico—Reporter Choi Jong-geun]President Lee Jae Myung's state visit to Mexico has brought the heads of major South Korean business groups and other business leaders together in the country. Negotiations to revise the Korea-Mexico Investment Guarantee Agreement were concluded at the Korea-Mexico summit, while the two countries also reached a consensus on the need for a trade agreement. Attention is now focused on whether the results of summit diplomacy will lead to private-sector economic cooperation.
Chey Tae-won, chairman of the Korea Chamber of Commerce and Industry and SK Group; Koo Kwang-mo, chairman of LG Group; and Koo Ja-eun, chairman of LS Group, attended the business leaders' meeting held in Mexico on the 24th (local time). Roh Tae-moon, president of Samsung Electronics, and Song Ho-sung, president of Kia, were also present.
Lee Kye-in, president of POSCO International; Scott Park, vice chairman and CEO of Doosan Bobcat; Seunghwan Kim, CEO of Amorepacific; and Cho Yong-chul, CEO of Nongshim, also attended.
With business leaders representing a wide range of industries—including electronics and automobiles, as well as energy and materials, construction equipment, cosmetics and food—gathering in one place, economic cooperation between the two countries is expected to expand further.
Earlier, President Lee Jae Myung and Mexican President Claudia Sheinbaum adopted the 2026–2030 Korea-Mexico Joint Action Plan at their summit and announced the conclusion of negotiations to revise the Korea-Mexico Investment Guarantee Agreement. The two leaders also agreed on the need to conclude a Korea-Mexico Trade Agreement and decided to conduct studies between their trade authorities.
The two countries agreed to expand cooperation beyond traditional trade and investment into future industries such as artificial intelligence, space and resources. As they also agreed to explore ways for South Korea to contribute to Mexico's military modernization, defense and aerospace are emerging as new areas of cooperation.
This business leaders' meeting also serves as a form of private-sector economic diplomacy, linking agreements reached by the two leaders to tangible business cooperation. Analysts say that if South Korean companies identify new business opportunities in the Mexican market while the two governments expand the institutional foundation for cooperation, Korea-Mexico economic ties could broaden further into manufacturing, advanced industries, consumer goods and other sectors.


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