Seoul: President Lee Jae-myung is anticipated to meet with leading business figures and heads of major economic organizations later this week, just before his attendance at the Group of Seven (G7) summit in Canada, industry sources revealed Monday.
According to Yonhap News Agency, the presidential office is organizing the meeting for Thursday or Friday, with the Korea Chamber of Commerce and Industry (KCCI) managing final arrangements on behalf of the business sector.
The meeting is expected to gather the leaders of South Korea's five major conglomerates, including Samsung Electronics Co. Chairman Lee Jae-yong, SK Group Chairman and KCCI Chairman Chey Tae-won, Hyundai Motor Group Chair Euisun Chung, LG Group Chairman Koo Kwang-mo, and Lotte Group Chairman Shin Dong-bin.
Other anticipated attendees are Sohn Kyung-shik, chairman of the Korea Enterprises Federation, and Yoon Jin-sik, chairman of the Korea International Trade Association.
The purpose of the meeting seems to be reviewing both domestic and global economic conditions while collecting insights from the business community on key issues, ahead of Lee's participation in the G7 summit, scheduled for June 15-17 in Alberta, Canada.
On his first day in office, Lee initiated the formation of an emergency economic task force and received a briefing on the current state of the local economy and the potential effects of a supplementary budget, highlighting his administration's commitment to economic recovery as a primary policy focus.