no like our Simon said in about 20 minutes or so at 10 a.m. in Seoul US
president Trump passes rendevouz with Korean business leaders we want to go
live now to our business correspondent Kim has song she's standing by the grand
hyatt in downtown seoul which is the venue of that very rendezvous now Hasan
described to us what the atmosphere is like over there I would imagine the
security is extra tight and so far we know that Samsung Electronics EJ young
Hyundai Motor Group hungry son SK group chat i wan looked a group shin dong-bin
and the vp of LG group will be there among others now has any of them been
spotted there just yet exactly I was here since 6 a.m. this morning I saw
them going and entering the hotel the Hyatt is where President Trump stayed
overnight it's where most US presidents have stayed during their visits to South
Korea because it's located in damson surrounded by mountains there aren't
many tall buildings around so it's relatively safe and security in and
around the hotel as you said is super tight you can see many buses and police
around the area and now going to the meeting with between President Trump and
South Korea and business leaders it's significant in that it's the first such
meeting with President Trump there are business leaders from a dozen Korean
companies like you said those from Samsung Electronics SK Group Hyundai
Motor Company and LG Electronics when Trump visited Korea back in November
2017 he had a banquet dinner with these business leaders along with president
moon jae-in but it's such but not a direct meeting with corporate executives
so it is first meeting between president Trump and the business leaders
hae-sung you know the chief says those very five conglomerates um we saw get
together just a few days ago if I remember correctly for a late night
meeting with a Saudi Arabia's MBS now what are likely to top their agenda
today with the US president so conn-young the meeting was organized
by the US Embassy to South Korea and mhmd American Chamber of Commerce in
Korea the MGM and the US Embassy and the White House reportedly asked these
Korean companies for their investment data in the US so companies present at
the meeting conn-young or those that have invested a lot in the u.s. were
companies that have future investment plans so President Trump is likely to
call on these companies to invest more in the US just as he had done during his
meeting with Japanese business executives in Tokyo last month now
Samsung Electronics has a semiconductor Factory in the u.s. in Texas SK a
battery Factory in Georgia and Luthor chemical as a plant in Louisiana so
Trump especially as his reelection campaign goes is underway is likely to
ask them for more investment into the US but there won't be much on pressuring
Korean companies to cut trade with Chinese tech firm Kawai which had been
somewhat of a concern for Korean businesses following trade talks with
President Xi Jinping in Osaka yesterday president Chopp softened his tone on the
Chinese tech firm saying US companies can supply parts to Poway if it doesn't
pose a risk to national security so it is a relief force the South Korean chip
makers and another issue that could be on the agenda is Auto tariffs especially
could be raised by Hyundai Motor Company who are who would demand an exemption to
Trump's Auto tariffs on Korean cars the US has been conducting an investigation
under Section two three two on national security grounds look into possibly
imposing tariffs on foreign car imports this coming November in fact USTR
officials are known to have visited South Korea two weeks ago to conduct
research on Korean auto industry so now conn-young the talks on the topics on
the agenda our increasing investment into the US
and possibly possibly exemption to auto tears for Korean companies that's what I
have for now and I'll have more updates on our later newscast back to you
conn-young all right our kim moosung nearby the
venue of the business leaders meeting with the visiting US president many
things has sung we'll check back with you for more updates