Particle.news

Download on the App Store

Korean Conglomerate Chiefs Head to U.S. for SoftBank’s ‘Stargate’ Talks at Mar-a-Lago

The timing dovetails with South Korea’s tariff negotiations in Washington, highlighting a parallel push in economic diplomacy.

Overview

  • Samsung’s Lee Jae-yong, SK’s Chey Tae-won, Hyundai’s Euisun Chung and LG’s Koo Kwang-mo are traveling at Masayoshi Son’s invitation, with Hanwha’s Kim Dong-kwan possibly joining.
  • Discussions center on SoftBank’s proposed Stargate network of AI data centers with OpenAI and Oracle, a multi-hundred-billion-dollar plan still at an exploratory stage.
  • Reports differ on the project’s scale, citing figures of about $400 billion or $500 billion, and formal commitments, governance and financing remain unsettled.
  • Meetings are expected at Mar-a-Lago as part of an investment forum drawing roughly 70 global firms, with a potential encounter with President Trump unconfirmed.
  • The business trip coincides with Seoul’s delegation in Washington for follow-up tariff talks, and observers expect Korean companies to play key roles in semiconductors, energy infrastructure and capital if the project advances.