The SKC Co. Ltd (SKC), a South Korean manufacturer of advanced materials, signed an MoU with leaders of the Hai Phong City People’s Committee on May 12 to explore potential investments in advanced materials for secondary batteries, semiconductors, and other green sectors. The signing took place within the framework of the first working trip to South Korea by the Investment Promotion Delegation of Hai Phong city.

Under the MoU, SKC will look at ways to invest in Hai Phong, a major port city and logistics hub in Vietnam’s north, as a site for its expansion into high-tech materials.

Mr. Le Tien Chau, Secretary of the Hai Phong City Party Committee, affirmed that the city opens its doors to foreign investors in general and especially SKC. He also affirmed that Hai Phong is committed to continuing to strongly improve its business and investment environment; focus on developing infrastructure, especially transport infrastructure with regional connectivity; and synchronously implement solutions to improve the efficiency of attracting high-quality human resources and ensuring human resources for investors.

CEO of SKC Park Woncheol expressed his appreciation of Hai Phong’s investment environment and acknowledged the initiative, positivity, and commitment of city leaders about accompanying SKC in research and investment in the city.

SKC is a subsidiary of the SK Group, which has been expanding its investment in Vietnam through capital contributions and share purchase deals. Other subsidiaries have cooperated with Vietnamese enterprises such as Vingroup, Masan Group, Imexpharm, and PV Oil, among others.