Nikkei Asian Review – South Korean businesses to invest $12.8bn in US

The announcement comes on the heels of last weeks SelectUSA FDI Summit in DC. The timing will help help set the tone of Moon’s first big international meeting following some recent tension in the U.S./South Korea relationship over THAAD deployment.

June 29, 2017

‘South Korean companies will pour $12.8 billion into U.S. ventures over the next five years, top executives announced here Wednesday, handing President Moon Jae-in powerful leverage going into his first talks with counterpart Donald Trump.

After arriving in the U.S., Moon attended a U.S.-South Korean business summit at the U.S. Chamber of Commerce, accompanied by executives representing 52 companies. He sat flanked by corporate VIPs, including SK Holdings Chairman Chey Tae-won, Hyundai Motor Vice Chairman Chung Eui-sun and LG group Vice Chairman Koo Bon-joon.

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