Trump meets Korean business leaders
- 5 years ago
In about 20 minutes or so, at 10 AM in Seoul...
U.S. President Donald Trump has his rendezvous with Korean business leaders.
Let's go live to our business correspondent Kim Hyesung. She's standing by the Grand Hyatt in downtown Seoul which is the venue of that rendezvous.
Hyesung, describe to us what the atmosphere is like over there - I would imagine the security is extra tight. So far, we know that Samsung Electronics' Lee Jay-yong, Hyundai Motor Group Chung Eui-sun, SK Group Chey Tae-won, Lotte Group Shin Dong-bin, and the VP of LG Group, among others, will be meeting the U.S. president. Has any of them been spotted there yet?
Connyoung, President Trump will be meeting with Korean top business executives in about 30 minutes from now.
The Hyatt is where Trump stayed overnight... security is super tight in and around the hotel.
As you can see, the whole area is surrounded by buses and police.
The Grand Hyatt is where most previous U.S. presidents have stayed during their visits to South Korea.
President Trump also stayed here in 2017... as it's located in Namsan, surrounded by mountains, and there aren't many tall buildings so it's relatively safe.
Trump's meeting with Korean business leaders today is significant in that it is his first such meeting with a group of Korean business executives.
That includes top executives from more than a dozen companies including Samsung Electronics Vice Chairman Lee Jae-yong, SK Group chairman Chey Tae-won and Hyundai Motor Company Vice Chairman Chung Eui-sun.
When Trump visited Korea back in November 2017, he had a banquet dinner with President Moon and other business leaders, but not a direct meeting with corporate executives.
The chiefs of those very five coglomerates we saw get together just a few days ago for a late night meeting with Saudi Arabia's MBS.
What are likely to top their agenda today with the U.S. President?
The meeting is scheduled for about 40 minutes.
It was organized by the U.S. Embassy to South Korea and AMCHAM, the American Chamber of Commerce in Korea.
The U.S. Embassy and the White House reportedly asked the Korean companies for their investment data in the U.S... so those at the meeting are from companies that have invested a lot or have future investment plans.
President Trump is likely to call for more investment in the U.S. and fair trade, as he had done in his meeting with Japanese business executives last month in Tokyo.
Samsung Electronics has a semiconductor factory in Texas, SK a battery factory in Georgia, and Lotte Chemical has a plant in Louisiana.
Trump is likely to push for more investment into the U.S... especially as his re-election campaign is underway.
But there won't be much on pressuring Korean companies to cut trade with Huawei, which had been somewhat of a concern for Korean businesses.
Following trade talks with President Xi Jinping in Osaka, Trump softened his tone on the Chinese tech firm, saying U.S. companies can supply parts to Huawei, if it doesn't p
U.S. President Donald Trump has his rendezvous with Korean business leaders.
Let's go live to our business correspondent Kim Hyesung. She's standing by the Grand Hyatt in downtown Seoul which is the venue of that rendezvous.
Hyesung, describe to us what the atmosphere is like over there - I would imagine the security is extra tight. So far, we know that Samsung Electronics' Lee Jay-yong, Hyundai Motor Group Chung Eui-sun, SK Group Chey Tae-won, Lotte Group Shin Dong-bin, and the VP of LG Group, among others, will be meeting the U.S. president. Has any of them been spotted there yet?
Connyoung, President Trump will be meeting with Korean top business executives in about 30 minutes from now.
The Hyatt is where Trump stayed overnight... security is super tight in and around the hotel.
As you can see, the whole area is surrounded by buses and police.
The Grand Hyatt is where most previous U.S. presidents have stayed during their visits to South Korea.
President Trump also stayed here in 2017... as it's located in Namsan, surrounded by mountains, and there aren't many tall buildings so it's relatively safe.
Trump's meeting with Korean business leaders today is significant in that it is his first such meeting with a group of Korean business executives.
That includes top executives from more than a dozen companies including Samsung Electronics Vice Chairman Lee Jae-yong, SK Group chairman Chey Tae-won and Hyundai Motor Company Vice Chairman Chung Eui-sun.
When Trump visited Korea back in November 2017, he had a banquet dinner with President Moon and other business leaders, but not a direct meeting with corporate executives.
The chiefs of those very five coglomerates we saw get together just a few days ago for a late night meeting with Saudi Arabia's MBS.
What are likely to top their agenda today with the U.S. President?
The meeting is scheduled for about 40 minutes.
It was organized by the U.S. Embassy to South Korea and AMCHAM, the American Chamber of Commerce in Korea.
The U.S. Embassy and the White House reportedly asked the Korean companies for their investment data in the U.S... so those at the meeting are from companies that have invested a lot or have future investment plans.
President Trump is likely to call for more investment in the U.S. and fair trade, as he had done in his meeting with Japanese business executives last month in Tokyo.
Samsung Electronics has a semiconductor factory in Texas, SK a battery factory in Georgia, and Lotte Chemical has a plant in Louisiana.
Trump is likely to push for more investment into the U.S... especially as his re-election campaign is underway.
But there won't be much on pressuring Korean companies to cut trade with Huawei, which had been somewhat of a concern for Korean businesses.
Following trade talks with President Xi Jinping in Osaka, Trump softened his tone on the Chinese tech firm, saying U.S. companies can supply parts to Huawei, if it doesn't p