Due to his close relationship with Trump Jr., he is seen as playing the role of a private diplomat in the Trump administration.
According to industry sources dated the 15th, Chairman Chung met with President Trump, who is visiting Qatar on the 14th (local time).
Chung was the only Korean to be invited to Trump's trip. Other key business figures who accompanied him included Tesla CEO Elon Musk, O.
Among those on the list are OpenAI CEO Sam Altman, Nvidia CEO Jensen Huang and Amazon CEO Andy Jassy.
The visit was made possible based on a mutual agreement between Qatar and the United States.
It appears that Chairman Chung was invited because he was judged to be an influential channel in relations with the United States. After his visit to Qatar, Chairman Chung moved to Dubai in the United Arab Emirates (UAE).
The UAE is the final stop on Trump's four-day Middle East tour, which runs until the 16th.
The industry is paying close attention to Chairman Chung's achievements in the Middle East. During his visit, Nvidia announced that it would acquire Saudi Arabian shares.
The latest AI chip, Blackwell Automation, has been announced for Humane, a startup backed by the IMF.
Boeing and GE Aerospace have won a contract to sell more than 18,000 GB300 units.
South Korea has received an order for aircraft worth $96 billion from Qatar Airways. Chairman Chung is believed to have conveyed a message of expanding trade between the two countries during his visit.
As variety shows and music become popular, interest in K-Food and K-Beauty is on the rise. For Shinsegae Group, which operates F&B (food and beverage), beauty and fashion businesses,
The Middle East is a market that could represent a new opportunity: According to import and export trade statistics from the Korea Customs Service, exports to the region increased from $14.6 billion in 2020 to $19.7 billion last year.
Through his series of visits to the Middle East, the friendship between him and Trump Jr. appears to have deepened. In December last year, Chairman Chung was invited by Trump Jr. to visit the Palestinian Embassy in Florida.
He met with then-president Trump at the Mar-a-Lago resort complex in Miami Beach. He also attended Trump's inauguration in January of this year, and was introduced to the president through the mediation of Trump Jr.
He has had extensive contact with key figures in the US political and business circles. Last month, he facilitated a visit to South Korea by Donald Trump Jr. In response to a request from the South Korean business community for a role as a bridge between the country and the incoming Trump administration, he has been called "the powerful man behind the scenes."
The group invited Kim Dong-kwan, vice chairman of Hanwha Group, Shin Yoo-yeol, vice president of Lotte Holdings, and Lee Jae-hyun, president of CJ Group.
Hyun, Chairman of Hanjin Group, Cho Won-tae, Chairman of LS Group, Koo Ja-eun, President of GS Energy, Heo Yeong-soo, and Naver's Lee Hae-jin.
The heads of the companies, including Chairman Hae Jin, met with Trump Jr. Expectations are also rising for the U.S. business that Shinsegae Group is expanding.
PK Retail Holdings' net sales for the first quarter of 2024 rose 13.5% year-on-year to 576.6 billion won. E-Mart's subsidiary, which operates Starbucks Korea,
Its operating profit also increased to 7.5 billion won, three times higher than the same period last year (2.5 billion won).
In 2018, E-Mart established PK Retail Holdings in the United States and acquired local supermarket chain operator Gregg
E-Mart has acquired and operates 100% of the shares of Food Holdings. E-Mart plans to open two or three new stores this year and expand its business scale.
Last year, PK Retail Holdings added Jason Hwang, vice president of the company's business strategy office, who is known for his outstanding work in retail, to its board of directors.
2025/05/16 06:11 KST
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