South Korean president travels to Washington with business chiefs ahead of summit

Mace | 22nd August 2025 | Brussels, Diplomacy, Embassy News, Washington
SEOUL, SOUTH KOREA - JUNE 04: Newly elected South Korean President Lee Jae-myung speaks during a press conference at the presidential office on June 04, 2025 in Seoul, South Korea. Lee began his five-year term without a transition period earlier in the day as he won a snap election following the impeachment of former President Yoon Suk Yeol over his failed martial law bid in December. (Photo by Ahn Young-Joon - Pool/Getty Images)
SEOUL, SOUTH KOREA - JUNE 04: Newly elected South Korean President Lee Jae-myung speaks during a press conference at the presidential office on June 04, 2025 in Seoul, South Korea. Lee began his five-year term without a transition period earlier in the day as he won a snap election following the impeachment of former President Yoon Suk Yeol over his failed martial law bid in December. (Photo by Ahn Young-Joon - Pool/Getty Images)

President Lee Jae Myung begins a visit to Washington on 23 August with fifteen senior executives from South Korea’s largest companies. The trip comes ahead of his 25 August summit with President Trump and will address trade, investment pledges, energy purchases and defence cost-sharing between the two countries.

President Lee Jae Myung of South Korea will travel to the United States beginning 23 August in the company of fifteen senior business executives from the country’s largest conglomerates. The trip precedes his summit with President Donald Trump on 25 August in Washington. Lee’s delegation includes leaders from Samsung, SK, Hyundai and LG among others. They will form the economic component of the visit while the summit is expected to focus on alliance and economic security matters. The trade backdrop is the agreement concluded in July under which the United States will impose a 15 per cent tariff on South Korean imports instead of the previously proposed 25 per cent. South Korea pledged a $350 billion investment in the United States as part of a broad economic package. On 19 August Lee met the heads of major firms to coordinate investment plans and economic strategies ahead of the summit. Their cooperation spans semiconductors, automobiles, shipbuilding and other critical industries. The...

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