The heads of Korea’s top four conglomerates are expected to visit Mar-a-Lago Resort in Palm Beach, Florida, known as “the second White House” of U.S. President Donald Trump, on the 17th local time, drawing attention to the possibility of a face-to-face meeting with Trump.
According to the business community, SK Group Chairman Chey Tae-won and LG Group Chairman Koo Kwang-mo will head from Korea, while Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor Group Chairman Chung Eui-sun, currently attending the “Korea-U.S.-Japan Economic Dialogue” in Tokyo, are expected to move directly from Japan to the U.S.
The heads of the four major groups were reportedly invited by Masayoshi Son, Chairman of SoftBank, who is pursuing the “Stargate” project to build an advanced data center in the U.S.
An investment promotion event with the participation of top executives from over 70 global companies is scheduled to be held at Mar-a-Lago Resort on this day, with a golf round expected to take place among attendees.
Particularly on this day, with President Trump set to hold a large-scale fundraising event at Mar-a-Lago Resort, there is notable interest in whether he will meet with the heads of Korean companies.
According to local media reports, President Trump is scheduled to be the keynote speaker at the “MAGA Inc” super PAC fundraiser at Mar-a-Lago Resort on the 17th. A super PAC is a private political funding organization that can legally raise unlimited amounts of money.
To attend the Mar-a-Lago Resort event, it is reported that one must pay one million dollars (approximately 1.4 billion won) per ticket.
Elon Musk, CEO of Tesla, a representative billionaire of the U.S., and Jeff Yass, an investor in TikTok, were listed as donors in the first half of the year, along with Silicon Valley tech moguls Ben Horowitz and Mark Andreessen, as well as various cryptocurrency firms and investors.
While there have been no foreign reports yet connecting Masayoshi Son’s investment promotion event directly with the large-scale super PAC event at Mar-a-Lago Resort, it is speculated that President Trump, who is expected to stay at Mar-a-Lago Resort from the 17th to the 19th, might meet with the heads of Korean companies during this period and request increased investment in the U.S.
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Produced by | Lee Mi-young
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