Shinsegae Chair Chung joins Trump’s Middle East tour

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Shinsegae Chair Chung joins Trump’s Middle East tour - Korea Economic Daily

Quick Summary:

Chung has served as a key link between Trump administration and Korean business leaders amid the lack of formal diplomatic channels between Seoul and Washington following former President Yoon Suk Yeol’s ouster by the Constitutional Court last month.In late April, Trump Jr.visited South Korea at the invitation of Chung and arranged private meetings with top business leaders across major Korean companies.“With the South Korean government beset by political uncertainty, it would be meaningful for anyone to play a bridging role with US political circles,” said a retail industry official.

Chung Yong-jin, chairman of South Korea’s retail group Shinsegae Inc., is the only Korean businessman accompanying US President Donald Trump on his Middle East trip this week, raising expectations that he could serve as a bridge between Seoul and Washington amid ongoing trade tensions with the US.

Chung attended a dinner banquet hosted by Qatar political leaders in Doha in honor of Trump, according to retail industry sources on Wednesday.