Sep 16, 2018 15:22 UTC
  • South Korea president to take business tycoons to North

South Korean President Moon Jae-in will be taking several business tycoons — including Samsung heir Lee Jae-yong — with him to North Korea for a planned summit with North Korean leader Kim Jong-un.

President Moon’s office said on Sunday that the corporate officials will be accompanying him on his trip to North Korea on Tuesday for a three-day summit with Kim, their third meeting this year.

The delegation of about 200 people accompanying Moon will include top government officials, including the South Korean intelligence chief, foreign minister, and defense minister, as well as prominent business people, including Lee and the heads of the SK and LG groups, among others.

Lee, 49, who is the de facto leader of the Samsung group — the world’s largest maker of smartphones — served one year before being freed from jail in February over his involvement in the payment of bribes to former president Park Geun-hye. His release came after an appellate court handed him a suspended sentence.

Kim Yong-hwan, vice-chairman of Hyundai Motor Group — whose founder was a refugee from the North — will also be among the delegates North-bound.

Hyun Jeong-eun, chairwoman of the separate Hyundai Group, which pioneered many cross-border economic projects, will also be accompanying President Moon.