Da Nang People’s Committee Chairman Huynh Duc Tho on Thursday played host to Mr Choi Sang Joo, the Chairman of the Board of Directors of the KMH Co Ltd from South Korea.

Chairman Tho (right) presenting a momento to his South Korean guest

During his reception for his South Korean guest, Chairman Tho highly lauded the fruitful results from the bilateral cooperation between his city and South Korean over the past years in such aspects as trade, cultural exchanges and education.

Between January and March, Da Nang welcomed a total of 191,483 South Korean visitors, up 90% against the same period last year.  Furthermore, the city has to date attracted over 70 South Korea-invested projects in total.

The city leader also appealed for investment inflows from KMH Co Ltd into local projects in the years ahead.  This, thereby, will help the South Korean company to expand its business activities into Da Nang, and partly enhance the city’s progress as well.

In reply, Mr Choi Sang Joo said that his company would consider deploying projects for developing a golf course complex, a film studio and entertainment services in Da Nang in the future years. 

The South Korean guest also took the opportunity to ask for favourable conditions created by the city authorities to facilitate KMH Co Ltd to conduct surveys into Da Nang’s business environment before developing their suitable projects here.   

Founded in 2000, and headquartered in Seoul, KMH Co Ltd specialises in broadcasting television channels through satellite in South Korea. 

The company operates broadcasting centers for platforms, such as Internet protocol television (IPTV), digital multimedia broadcasting (DMB), cable TV, SkyLife and others. 

In addition, the company engages in the advertising, newspaper, online contents and other businesses along with its subsidiaries. On March 20, 2013, the Company acquired additional shares of ASIA ECONOMY DAILY, involved in the newspaper publishing and advertisement business.  After the transaction, the Company holds 83.93% stake in the target company.