A group of business leaders accompanying President Moon Jae-in on his U.S. trip has decided to invest 12-point-eight billion dollars in the U.S. over the next five years.
 
The Korean Chamber of Commerce and Industry unveiled the decision on Wednesday.
 
Moon is being accompanied by leaders of 52 businesses, including conglomerates such as Samsung Electronics, LG Electronics, SK, Doosan Group, CJ Group, LS Group and GS Group as well as small and mid-sized companies.
 
The chamber said that the investment will go into building factories, expanding production facilities, research and development on developing future technologies as well as mergers and acquisitions.
 
The chamber said that the business delegation also plans to spend 22-point-four billion dollars over the course of five years in purchasing liquefied natural gas, liquefied petroleum gas and aircraft from the U.S.