Tuesday, May 8, 2012
Oficiales cubanos visitan fabrica de Hyundai en Corea del Sur.
Email This Post A Cuban trade delegation is in South Korea touring three Hyundai subsidiaries, the Korean Times reported.
According to Korean foreign ministry officials, the visit was requested by Cuba.
The agenda of the five-day trip includes meetings with Korean government officials and the Korea Trade-Investment Promotion Agency (KOTRA), and visits at Hyundai Engineering & Construction, automobile manufacturer Hyundai Motor, and automotive component manufacturer Hyundai Mobis.
Hyundai Engineering & Construction specializes in the construction of oil- and gas-related industrial plants, power and desalination plants. In an ambitious, partly Chinese-financed plan, Cuba and Venezuela are jointly developing the island’s refining and petrochemical infrastructure.
The four-member Cuban delegation in Korea is led by Noel Vázquez Pérez, director general in the Ministry of Foreign Trade and Investment, and includes state company executives. The two countries have had no diplomatic relations since Cuba broke off with South Korea in 1959 and established close links with North Korea instead. Even so, KOTRA opened an office in Havana in 2005.
Bilateral trade amounts to some $300 million a year; one of the biggest South Korean players in Cuba has been Ulsan-based Hyundai Heavy Industries Co. Ltd., which sold hundreds of millions of dollars worth of packaged power stations to the island since 2005. Hyundai fuel-oil generators are not only running in Cuba, but Cuban and Korean engineers have installed them in Venezuela, Ecuador and Nicaragua as well.