With major conglomerates holding strategic meetings in the first half of the year soon, attention is..

With major conglomerates holding strategic meetings in the first half of the year soon, attention is being paid to whether they will come up with large-scale investment plans in line with the Lee Jae-myung administration, which emphasized the role of companies to revive the economy.

According to the business community on the 4th, major domestic companies such as Samsung and SK will have management strategy meetings in the first half of this month.

Samsung Electronics usually holds global strategic meetings twice in June and December, with executives from home and abroad gathering in one place. This is to check the business conditions of each business sector and share opinions on business plans. Currently, Samsung Electronics is reportedly coordinating the date of the global strategic meeting.

SK Group will hold a management strategy meeting in the second half of the year from the 13th to the 14th. The management strategy meeting is a key event where CEOs of SK Group gather to discuss major issues of the group, along with the Icheon Forum in August, the CEO Seminar in October, and the Directors Summit in November.

Hyundai Motor Group will hold a meeting with heads of its overseas regional headquarters. Hyundai Motor is holding meetings from time to time, and Kia will hold meetings this month to check global production and sales status and strategies.

LG Group is conducting an annual investment inspection meeting.This year, instead of omitting strategic reports that were held every first half of the year, they are focusing on investment inspection meetings.

The management strategy meetings of these companies are regular meetings held around this time of year, but this year, as the Lee Jae-myung government is launched in earnest, discussions on the new government’s pledges and investment strategies to create synergy are expected to take place.

“If we have been preparing to find a breakthrough amid tariff uncertainties from the Trump administration, measures to create synergy with the new government will be dealt with as the presidential election has resolved domestic political uncertainty to some extent,” a business official said.

In fact, companies have come up with large-scale investment plans since the launch of the new government in the past.

Future domestic investments announced by the five major groups, Samsung, SK, Hyundai Motor, LG, and Lotte, as well as POSCO, Hanwha, GS, Hyundai Heavy Industries Group, Shinsegae and Doosan, reached 1060.6 trillion won in May 2022, when the Yoon Suk Yeol government was launched.

At the time, Samsung announced that it would invest 450 trillion won in future food sectors such as semiconductors, bio, and new growth IT (information and communication) over the next five years.

In addition, SK Group and LG Group announced that they will invest 247 trillion won and 106 trillion won by 2026, respectively, while Hyundai Motor Group announced its plan to invest 63 trillion won over three years.

President Lee Jae-myung has also been actively communicating with large companies during the presidential election. In particular, it is widely believed that companies are likely to announce new investment plans again this time as they have continued their pragmatic economic moves by sending messages of “pro-business” and “economic growth.”

When President Lee Jae-yong met with Samsung Electronics Chairman Lee Jae-yong in March, he stressed that “the country will do well only when the company does well,” and also mentioned in a meeting with the heads of think tanks of the four major groups (Samsung, Hyundai Motor, SK, and LG) that “the opinions of businessmen are the most important.”

Meanwhile, major foreign media reported on the election of Lee Jae-myung of the Democratic Party of Korea as emergency news in the 21st presidential election held on the 3rd, ending the six-month political turmoil, while showing the resilience of Korean democracy.

Another foreign media outlet also assessed that Lee will become the most powerful president in Korean history in recent decades.