S. Korea biz delegation will meet U.S. counterparts to promote closer ties

SEOUL, June 23 (Yonhap) -- South Korea's business mission will meet their U.S. counterparts to strengthen economic ties during the bilateral summit meeting set for next week, a local corporate lobby said Friday.

A total of 52 business leaders who represent 10 conglomerates and 37 small and medium-sized companies will attend the Korea-U.S. Business Summit to be held in Washington D.C. on June 28 (U.S. time) to discuss ways to expand two-way ties, the Korea Chamber of Commerce and Industry (KCCI) said in a statement.

The meeting will take place as newly elected President Moon Jae-in holds his first ever talks with President Donald Trump. The South Korean chief executive will be in the U.S. from June 29 through the 30th and plans to discuss an array of pending issues such as free trade and the need to rein in North Korea, which has been building up its nuclear and long-range missile capabilities.

"We expect businesses from the two countries will find new opportunities to work together in such areas as manufacturing, services, information technology, healthcare and biotechnology," the statement said.

The leaders include Samsung Electronics Co. Vice Chairman Kwon Oh-hyun, Hyundai Motor Group Chairman Chung Mong-koo, KCCI Chairman Park Yong-maan, SK Group Chairman Chey Tae-won, GS Group Chairman Huh Chang-soo and Hanjin Group Chairman Cho Yang-ho, it said.

kyongae.choi@yna.co.kr
(END)