President Lee Jae Myung is set to meet leaders of key conglomerates later on Sunday to discuss follow-up measures for the US trade and security agreements. The meeting follows two days after Seoul and Washington released a joint fact sheet from their recent summit talks. It includes South Korea's $350 billion investment plans in the US in exchange for tariff reductions.
President Lee Jae Myung was set to meet with leaders of key conglomerates on November 16, 2025, at 2 p.m. to discuss follow-up measures following the release of a joint fact sheet on bilateral trade and security agreements with the United States. The document, issued two days earlier, outlines agreements from their recent summit talks, including Seoul's $350 billion investment plans in the U.S. in exchange for reducing U.S. tariffs from 25 percent to 15 percent.
According to the presidential office, attendees include Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Euisun Chung, LG Group Chairman Koo Kwang-mo, and chief executives from conglomerates such as HD Hyundai and Hanwha. In the meeting, Lee is expected to explain the details of the final trade deal and subsequent steps, while underscoring the need to work together as "one team" in adapting to changes in the current trade landscape.
The fact sheet covers core business sectors of the attending companies, including semiconductors, automobiles, the defense industry, and pharmaceuticals. This agreement aims to strengthen the trade and security alliance between the two nations, offering potential opportunities for the involved enterprises.