President Lee Jae-myung speaks during a Cabinet meeting at Cheong Wa Dae on the 3rd. /Courtesy of News1

President Lee Jae-myung will invite the chiefs of the country's top 10 corporations to Cheong Wa Dae on the afternoon of the 4th for a meeting on the theme of "youth jobs and expanded investment in the provinces." With the government setting "province-led growth" as its top state agenda, the event will ask major corporations to take the lead in creating new jobs for young people and investing in production facilities outside the capital.

Attending the meeting will be Samsung Electronics Chairman Lee Jae-yong; SK Group Vice Chairman Choi Chang-won; Hyundai Motor Chairman Chung Eui-sun; LG Chairman Koo Kwang-mo; Lotte Group Chairman Shin Dong-bin; POSCO Group Chairman Chang In-hwa; Hanwha Group Vice Chairman Kim Dong-Kwan; HD Hyundai Group Chairman Chung Ki-sun; GS Group Chairman Huh Tae-soo; and Hanjin Group Chairman Cho Won-tae. From the government, Koo Yun-cheol, Deputy Prime Minister for the Economy and Minister of Economy and Finance; Kim Jung-kwan, Minister of the Ministry of Trade, Industry and Resources; and from Cheong Wa Dae, Policy Chief Kim Yong-beom; Chief of Staff Kang Hoon-sik; Senior Secretary for Economic Growth Ha Jun-kyung; and Senior Secretary for AI Ha Jung-woo will attend.

At the meeting, the corporations will share their plans for new hiring and investment in the provinces this year and exchange views on policies related to "startup support" that the government is pursuing. As President Lee met with Chinese President Xi Jinping and declared a "full restoration of South Korea–China relations," plans to expand economic cooperation among major corporations in both countries are also expected to be discussed.

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