Private Discussions on US-South Korea Trade Relations

In a move highlighting the urgency of trade negotiations, President Lee Jae-myung hosted a private dinner with Samsung Electronics Chairman Lee Jae-yong on July 24. The meeting, devoid of any aides, focused on global trade issues, including tariffs, amidst slow progress in US-South Korea trade talks.

Samsung's Potential Expansion in the US

With the US set to implement reciprocal tariffs by August 1, attention is now on whether Samsung will increase its investment in the US. The tech giant is already advancing a semiconductor production base in the US, with investments surpassing $38 billion.

Engaging with Business Leaders

President Lee's recent engagements include meetings with leaders from Hyundai Motor Group, LG Group, Hanwha, and SK Group, aiming to address business concerns and strategize on US investment, global trade, and future societal changes.

A Presidential Office official remarked, "These discussions are part of broader efforts to involve companies in solving current challenges."