The closed-door meeting was arranged before a dinner meeting between Moon and the US delegation at the Blue House in the capital Seoul.
The company has set up 10 transnational transmission lines with neighboring countries and is currently pushing forward new transmission projects including the China-Mongolia transmission project. Most of the projects adopt Chinese standards, said Shu.
The coal hub has phased out more than 88 million tonnes of outdated coal production over the past three years, and the figure is expected to surpass 100 million tonnes by 2020.
The company attributed 60 percent of its profit to overseas projects in countries and regions along the Belt and Road Initiative, according to Zhong Wenjun, chief engineer of COOEC.
The clandestine transportation raised speculation that it was aimed to politicize security issues during the election campaign period, which tended to benefit conservative candidates in past elections.
The company has established partnerships with over 80 universities across China, says Huang.
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The comments dovetail with a report released by consultancy McKinsey, which underlies the big potential of digital transformation in China. The report forecast that by 2025, new applications of the internet could account for up to 22 percent of the nation's labor-productivity growth.
The comments came after the Ministry of Commerce said last week that big names such as Exxon-Mobil Corp, BMW Group, Siemens AG, LG Group and Toyota Motor Group have added investment and expanded production capacity in the country. Global companies' reinvested earnings grew by 25.5 percent on a yearly basis in the first three quarters of this year in US dollar terms.
The company aims to roll out 20 million bikes in 200 cities across the world by the end of the year after moving into markets in the United States, the United Kingdom, Singapore, Kazakhstan, Thailand, Malaysia, Japan and Austria.
The company also said it will attract more partners into its 5G smart video ecosystem.