Korean biz leaders head to US for Lee-Trump summit

Top executives from Korea's major conglomerates left for the United States on Sunday to join the economic delegation for President Lee Jae Myung's upcoming summit with U.S. President Donald Trump. Around noon, SK Group Chairman Chey Tae-won, LG Group Chairman Koo Kwang-mo and Hanwha Group Vice Chairman Kim Dong-kwan left for the U.S. as part of the presidential economic delegation. Asked about his role, Chey said briefly, "I will do my best." Other business leaders in the delegation include Samsung Electronics Chairman Lee Jae-yong, Hyundai Motor Group Executive Chair Euisun Chung, CJ Group Chairman Lee Jae-hyun, Korean Air Chairman Cho Won-tae and HD Hyundai Executive Vice Chairman Chung Ki-sun. The summit — set for Monday (local time) in Washington — follows a recent trade deal that lowered U.S. reciprocal tariffs on Korean goods from 25 percent to 15 percent in exchange for Korea's pledge of $350 billion in investment and $100 billion in U.S. energy purchases. Of the pledged investment, $150 billion will go toward Seoul's shipbuilding cooperation initiative, dubbed "Make American SWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times