SEOUL -- South Korean President Moon Jae-in summoned business leaders in the semiconductor, auto and shipbuilding industries on Thursday to discuss strategies in the sectors as Seoul faces pressure from both the U.S. and China to take their side amid their battle for global tech supremacy.
Executives from Samsung Electronics, SK Hynix, Hyundai Motor, Korea Shipbuilding & Offshore Engineering and Samsung Heavy Industries took part in the rare gathering at the presidential Blue House. Finance Minister Hong Nam-ki, Science Minister Choi Ki-young and Industry Minister Sung Yun-mo also attended.
