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A vehicle believed to be carrying Samsung Electronics Chairman Lee Jae-yong enters Seungjiwon in Hannam-dong, Yongsan-gu, Seoul on the afternoon of the 28th. /News 1
Mark Zuckerberg, CEO of Facebook parent company Meta, who visited Korea for the first time in about 9 years and 4 months, had lunch with Chairman Lee Jae-yong at ‘Seungjiwon (承志園)’ in Hannam-dong , Yongsan-gu, Seoul on the 28th.
Seungjiwon is the small hotel of Samsung Group. Seungjiwon, which was the home of Samsung Hoam founder and Chairman Lee Byung-cheol, was inherited by former Chairman Lee Kun-hee and renovated into an office and hotel. He was named Seungji (承志) with the intention of continuing the will of the founding chairman. Since then, Samsung’s key decisions have been made here.
On the afternoon of June 26, 2019, Samsung Electronics Vice Chairman Lee Jae-yong welcomes Saudi Crown Prince Mohammed bin Salman and his party at Seungjiwon’s front yard in Itaewon, Seoul. /Reporter Joo Wan-joong
Chairman Lee Jae-yong also uses Seungjiwon when meeting with key figures at home and abroad. In June 2019, Chairman Lee held a separate meeting in Seungjiwon when the Crown Prince of Saudi Arabia, Mohammed bin Salman, known in the international community as ‘Mr. Everything’, with Korea. In October last year, to celebrate the first anniversary of his inauguration as chairman, ‘Lee Kun-hee and Japan Friends (LJF)’, a group of major partners in Japan, were invited to Seungjiwon. The total floor area of Seungjiwon is 610㎡ (about 185 pyeong), and this year’s publicly announced land price announced by the Ministry of Land, Infrastructure and Transport is 17.17 billion won.
Chairman Lee treated CEO Zuckerberg and his wife Priscilla Chan to lunch at Seungjiwon. Three people attended the dinner, including Chairman Lee and CEO Zuckerberg, and no other executives were said to be in attendance.
Samsung Electronics Chairman Lee Jae-yong moves after having a lunch meeting with Meta CEO Mark Zuckerberg at Seungjiwon, a Samsung Group guesthouse in Itaewon-dong, Yongsan-gu, Seoul, on the afternoon of the 28th. /happy news
In the meeting that day, CEO Zuckerberg and Chairman Lee were said to have discussed ways to cooperate in AI and XR semiconductor business. As Samsung Electronics is second in foundry market share (semiconductor batch production), it appears that there are cooperation measures related to the production of AI chips required to run ‘Rama 3’, the next generation language model ( LLM) which is being developed by Meta, will also discuss.
Chairman Lee and CEO Zuckerberg are alumni of Harvard University in the United States. Their personal relationship is known to be so strong that CEO Zuckerberg sent a memorial email when former Chairman Lee Kun-hee died.
CEO Meta Zuckerberg moves after having a lunch meeting with Samsung Electronics Chairman Lee Jae-yong at Seungjiwon, a Samsung Group guesthouse in Itaewon-dong, Yongsan-gu, Seoul, on the afternoon of the 28th. /happy news
Meanwhile, as part of CEO Zuckerberg’s first schedule of the day, he met with LG executives at the LG Twin Tower in Yeouido, Seoul and discussed strengthening partnerships for new businesses such as XR and AI. Present at this event were LG Group Chief Operating Officer (COO) Vice Chairman Kwon Bong-seok, CEO Jo Joo-wan, and HE Business Division Head (President) Park Hyeong-se. They had a ‘Bibimbap Lunch’ and discussed the direction of next generation XR device collaboration and the possibility of future collaboration regarding AI development.
CEO Zuckerberg plans to meet President Yoon Seok-yeol on the 29th and discuss AI-related issues before leaving the country.
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