SEOUL, Leaders of South Korea's major conglomerates and smaller businesses will join President Moon Jae-in on his state visit to Singapore this week, a state-run trade promotion agency said Monday.

Moon, who is visiting India as part of his two-nation Asia tour, is scheduled to make a trip to Singapore from Wednesday to Friday, during which he plans to hold a summit with Prime Minister Lee Hsien Loong.

Moon will be accompanied by a large-scale delegation composed of heads and high-ranking officials of 72 conglomerates and smaller companies, as well as chiefs of business bodies, according to the Korea Trade-Investment Promotion Agency (KOTRA).

They include delegates from 10 business groups, including a vice chairman of tech giant Samsung Electronics Co., the CEO of top automaker Hyundai Motor Co. and a vice chairman of LG Group.

Businessmen representing second-tier companies include the chairmen of Ssangyong Engineering and Construction Co., Hyundai Group, SM Group, and food and beverage giant SPC Group.

Also on the list are the head of the Korea Federation of Small and Medium Business, the KOTRA president, the president of the Export-Import Bank of Korea and the chief of Korea Investment Corp.

The South Korean business delegation is slated to attend a Korea-Singapore business forum in the city-state on Thursday to discuss ways to promote bilateral cooperation.

Source: Yonhap News Agency