Overview

• President Lee Jae Myung held a dinner meeting with Samsung Electronics Chairman Lee Jae-yong on July 24 at the presidential office in Seoul.
• They exchanged views on trade and investment strategy as Seoul and Washington work toward lowering 25% reciprocal tariffs by the August 1 deadline.
• This engagement capped a week of private dinners with leaders from Hyundai Motor Group and LG Group to align industry support with government goals.
• Negotiators are crafting a package deal that combines tariff reductions with enhanced investment and security cooperation provisions.
• The outreach initiative is part of Lee’s broader economic agenda, which includes a 30 trillion-won stimulus and deregulation to bolster growth in the face of global trade tensions.