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Suzhou Becomes Major Base of Samsung Investment

On Feb 18, Yan Li, Deputy Secretary of CPC Suzhou Municipal Committee and Mayor of Suzhou, met Mr. Park Geon Hee, President of Greater China Region of Samsung of Korea, and his entourage. Wang Jinhua, Deputy Secretary of CPC Suzhou Municipal Committee and Secretary of SIP Party Working Committee, attended the meeting. 

Yan Li says that Samsung, as one of the Fortune 500, has made significant contributions to the economic development of Suzhou, and that Suzhou will continue to provide excellent service to all foreign investors. He expresses hopes that Samsung will achieve better economic returns in all its investment projects.

Mr. Park Geon Hee says that Samsung has always regarded Suzhou as a strategic place for investment. So far, Samsung has set up two manufacturing bases in Suzhou, and its main products are air conditioners and refrigerators. Samsung Group is grateful to government departments for their help and support in the growth of the group. He looks forward to more exchanges and cooperation in the future.

Feb. 19, 2006

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