Lee meets Hyundai Motor chief for possible investment talks

President Lee Jae Myung met with Hyundai Motor Group Executive Chair Euisun Chung in a closed-door discussion, according to sources. The purpose of the meeting, held on Wednesday, was presumed to be focused on potential investment matters. The two leaders are likely to have discussed Hyundai's earlier pledge to invest 9 trillion won ($6.6 billion) towards establishing an industrial hub for artificial intelligence, robots, and energy in the Saemangeum reclaimed area on South Korea's southwestern coast by 2029.

The meeting may have also included conversations on Hyundai's support for the government's high-profile megaproject investment initiative, which aims to foster a new semiconductor cluster and facilities for AI data centers. This is similar to the meetings President Lee has previously had with Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won.