Overview

• Samsung Chairman Lee Jae-yong joined SK's Chey Tae-won, LG's Koo Kwang-mo, Hanwha's Kim Dong-kwan, Hyundai's Euisun Chung, CJ's Lee Jae-hyun, Korean Air's Cho Won-tae and HD Hyundai's Chung Ki-sun on the delegation.
• President Lee Jae Myung is set to meet U.S. President Donald Trump in Washington on Monday local time.
• The summit comes after a deal reducing U.S. reciprocal tariffs on Korean goods from 25% to 15% in return for about $350 billion in U.S. investment and $100 billion in energy purchases by South Korea.
• About $150 billion of the pledged investment is earmarked for the MASGA shipbuilding cooperation initiative to bolster U.S. shipbuilding capacity.
• Industry watchers are looking to see whether Samsung will announce further expansion at its Taylor, Texas chip site, beyond its previously disclosed $37 billion plan.