SEOUL -- Samsung Electronics Chairman Lee Kun-hee met with Hong Kong billionaire Li Ka-shing on Thursday in a bid to discuss broader partnership between the two sides.

According to an e-mailed statement by Samsung, the two heads of Asia's representative conglomerates had face-to-face talks in Hong Kong, discussing ways for new business expansion between the two companies.

The two heads also promised to strengthen their existing partnership in the fields such as handset and network businesses.

The meeting was attended by Samsung corporate strategy chief Choi Gee-sung and Lee Jae-yong, the chief operating officer at Samsung Electronics and only son of Chairman Lee, along with Victor Li, vice-chairman of Cheung Kong Holdings controlled by Li Ka-shing.