Yoon's US Visit Sees Full Attendance of Lee Jae-yong, Choi Tae-won, Chung Eui-sun, and Koo Kwang-mo... 122 Companies Accompany

FKI Announces Companies Participating in Economic Delegation
Largest Scale Since Yoon Administration Inauguration

The Federation of Korean Industries (FKI) announced on the 19th the list of 122 participating companies in the economic delegation accompanying President Yoon Suk-yeol on his state visit to the United States.

The U.S. economic delegation was selected from companies that submitted applications through the FKI's recruitment announcement. To ensure objectivity and fairness in the selection process, a selection committee was formed consisting of representatives from major economic organizations, related public institutions, and experts, and two rounds of deliberations were conducted. The selection comprehensively considered the business prospects of the applicant companies, their trade and investment performance with the U.S., and the potential for cooperation in key industrial sectors.

Shin Dong-bin, Chairman of Lotte Group (second from the left), Koo Kwang-mo, Chairman of LG Group, Chung Eui-sun, Chairman of Hyundai Motor Group, Chey Tae-won, Chairman of SK Group, Lee Jae-yong, Chairman of Samsung Electronics.
[Photo by Yonhap News]

This delegation is the largest economic delegation since the launch of the Yoon Suk-yeol administration, consisting of a total of 122 entities: 19 large corporations, 85 small and medium-sized enterprises (SMEs) and mid-sized companies, 14 economic organizations and associations, and 4 public enterprises. The list of large corporations includes the chairpersons of the five major conglomerates: Lee Jae-yong of Samsung Electronics, Chung Eui-sun of Hyundai Motor Group, Chey Tae-won of SK Group, Koo Kwang-mo of LG Group, and Shin Dong-bin of Lotte Group.

Also attending are six heads of economic organizations, including Kim Byung-joon, Acting Chairman of the FKI, Koo Ja-yeol of the Korea International Trade Association, Kim Ki-moon of the Korea Federation of SMEs, Sohn Kyung-shik of the Korea Employers Federation, and Choi Jin-sik of the Korea Federation of Mid-sized Enterprises.

This is the first time in 20 years, since 2003, that the heads of the four major conglomerates and six major economic organizations have all participated together.

Additionally, to support the entry of SMEs and mid-sized companies into the U.S. market and the growth of innovative startups, 85 mid-sized and small companies, accounting for about 70% of the entire delegation, were selected. Given that the theme of this delegation is advanced industries, companies in the semiconductor, aerospace, defense, energy, bio, and mobility sectors constitute a significant portion.

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