President Moon Invites Heads of 4 Major Groups to Blue House Luncheon on the 2nd

Sharing Outcomes of the Korea-US Summit, Encouraging Companies... Interest in Lee Jae-yong Samsung Electronics Vice Chairman's Pardon Mention

[Asia Economy Reporter Ryu Jeong-min] On the 2nd, President Moon Jae-in will invite the heads of the four major conglomerates?Samsung, Hyundai Motor, SK, and LG?to the Blue House for a luncheon meeting.

At the Blue House luncheon on the 2nd, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Eui-sun, and LG Group Chairman Koo Kwang-mo are expected to attend. Samsung Electronics is reported to be represented by Vice Chairman Kim Ki-nam instead of Vice Chairman Lee Jae-yong.

[Image source=Yonhap News]

The Blue House luncheon is reportedly arranged as a gesture of gratitude to Samsung, Hyundai Motor, SK, and LG for their contributions to the success of the Korea-US summit. It is an occasion to share the achievements of the summit and to encourage large corporations that have strengthened Korea-US economic cooperation through substantial investments.

There is also a possibility that the issue of a pardon for Vice Chairman Lee Jae-yong will arise during the meeting between President Moon and the heads of the four major groups.

Earlier, on the 10th of last month, during a Q&A session following his special speech on the 4th anniversary of his inauguration, President Moon stated, "I have been hearing many opinions regarding a pardon for Samsung Vice Chairman Lee Jae-yong. Not only from the business community but also from religious circles, many petitions for such a pardon have been sent."

President Moon said, "The global competition in semiconductors is intensifying, so it is clear that we need to further enhance our competitiveness in the semiconductor industry. We cannot ignore fairness, past precedents, or public consensus. We will carefully listen to many opinions from the public and make a judgment accordingly."

This content was produced with the assistance of AI translation services.