
President Lee Jae Myung held a closed-door meeting with Hyundai Motor Group Executive Chair Euisun Chung, likely discussing a 9 trillion-won investment and government megaprojects.
AI-generated summary
Hyundai previously pledged to invest 9 trillion won to establish an industrial hub in Saemangeum by 2029.
SEOUL, Sept. 3 (Yonhap) -- President Lee Jae Myung has met Hyundai Motor Group Executive Chair Euisun Chung in a closed-door meeting, sources said Thursday, with the two likely discussing investment matters.
The meeting on Wednesday was presumed to have focused on Hyundai's prior pledge to invest 9 trillion won (US$6.6 billion) to establish an industrial hub for artificial intelligence (AI), robots and energy in the Saemangeum reclaimed area on South Korea's southwestern coast by 2029.
The meeting likely also included discussions on Hyundai's contributions to the government's high-profile "megaproject" investment initiative, aimed at nurturing a new semiconductor cluster and facilities for AI data centers.
Lee has previously met with Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won, likely in the same vein.

Seoul shares closed higher Thursday, driven by easing oil prices after U.S. President Donald Trump played down the prospect of a prolonged conflict with Iran. The KOSPI rose 0.26 percent to end at 6,579.48, while the Korean won rose against the U.S. dollar.

The South Korean won rose to a near 14-month high of 1,359.3 per dollar on Thursday, driven by a strengthening Japanese yen and local exporter dollar sales ahead of a U.S. employment report.

Seoul shares closed higher Thursday, driven by easing oil prices after U.S. President Donald Trump played down the prospect of a prolonged conflict with Iran. The benchmark KOSPI rose 0.26 percent to 6,579.48, while the Korean won strengthened against the dollar.

Seoul shares closed higher Thursday, driven by easing oil prices after U.S. President Donald Trump downplayed a prolonged conflict with Iran, helping the KOSPI rebound 0.26 percent.

3์ผ ์ฝ์คํผ๋ ์ฅ์ด๋ฐ ๊ฐ์ธ๋ฅผ ์ด์ด๊ฐ๋ค ์คํ ๋ค์ด ๊ฐ์์ค๋ฌ์ด ๊ธ๋ฝ์ ๊ฒช์ ๋ค ์์นํญ์ ์ถ์ํด 0.26% ์ค๋ฅธ 6,579.48์ ๋ง๊ฐํ๋ค. ์ฝ์ค๋ฅ์ง์๋ 1.71% ํ๋ฝํ 790.21๋ก 4๊ฑฐ๋์ผ ์ฐ์ ๋ด๋ฆผ์ธ๋ฅผ ๊ธฐ๋กํ๋ค.

South Korea announced a major restructuring plan to reduce state-run firms from 524 to 415. The DIET initiative merges power, port, and energy corporations while splitting Korea Land & Housing Corp., promising job security for workers.