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Trump meets Korean business leaders

2019-06-30 17 Dailymotion

In about 20 minutes or so, at 10 AM in Seoul...<br />U.S. President Donald Trump has his rendezvous with Korean business leaders.<br />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.<br />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?<br /><br />Connyoung, President Trump will be meeting with Korean top business executives in about 30 minutes from now.<br />The Hyatt is where Trump stayed overnight... security is super tight in and around the hotel.<br />As you can see, the whole area is surrounded by buses and police.<br />The Grand Hyatt is where most previous U.S. presidents have stayed during their visits to South Korea.<br />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.<br /><br /><br />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.<br />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.<br />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.<br /><br /><br />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.<br />What are likely to top their agenda today with the U.S. President?<br /><br />The meeting is scheduled for about 40 minutes.<br />It was organized by the U.S. Embassy to South Korea and AMCHAM, the American Chamber of Commerce in Korea.<br />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.<br />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.<br /><br /><br />Samsung Electronics has a semiconductor factory in Texas, SK a battery factory in Georgia, and Lotte Chemical has a plant in Louisiana.<br />Trump is likely to push for more investment into the U.S... especially as his re-election campaign is underway.<br />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.<br />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

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