Overview

• Samsung's Lee Jae-yong, LG's Koo Kwang-mo and SK's Chey Tae-won joined other industry leaders at the Yongsan presidential office for the two-hour strategy meeting.
• Officials said the discussion focused on aligning corporate investment and U.S. procurement plans to maximize economic outcomes at the Aug. 25 Washington summit.
• Under the accord’s framework, $150 billion of the pledged investment is designated for the MASGA shipbuilding cooperation initiative.
• Samsung’s Lee pledged continued investment to create quality jobs and build high-value industries, according to the presidential spokesperson.
• News reports said roughly 15 firms will join the delegation, with final pledges expected to be refined at the summit after a two-day Tokyo stop to meet Japan’s prime minister.