South Korea business heavyweights including Korean Air and Hyundai unveiled multibillion deals in the United States on Monday, following the summit between the two countries’ leaders in Washington, DC.

At least four Korean conglomerates have announced deals and investment plans worth tens of billions of dollars, such as plans by the country’s top airliner Korean Air to spend $50 billion on aircraft and engine orders from Boeing and others.

South Korean businesses are expected to invest a total of $150 billion in the US, according to President Lee Jae Myung’s office.

Lee concluded his first summit with President Donald Trump at the White House on Monday, which came after Seoul scrambled to secure a last-minute tariff deal to avert 25% tariffs on Korean exports to the US.

At the time,

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