At the 19th Asia-Pacific German Business Conference (APK 2026) in Seoul, thyssenkrupp CEO Miguel Angel Lopez Borrego highlighted South Korea as an underpenetrated market with substantial growth potential. In an interview with The Herald Business, Lopez underscored plans to expand the group’s footprint across automotive components and decarbonization technologies, including green hydrogen and clean fuels.
thyssenkrupp is advancing discussions with Korean firms on clean-fuel initiatives, exploring third-country defense partnerships, and transitioning toward a financial holding company model by 2030 through steps such as an IPO for its steel division. Lopez concluded that shifting geopolitics will continue to create mutually beneficial opportunities, expressing strong confidence in deeper cooperation between European and Korean enterprises.
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