South Korea is denying media reports that it was North Korea that invited chiefs of South Korean conglomerates to the ongoing summit in Pyongyang.

Chief presidential press secretary Yoon Young-chan told reporters Tuesday South Korea included the business leaders in their delegation because their participation is necessary for the future of the inter-Korean relations. 

Yoon said this week’s summit will produce no concrete outcomes on inter-Korean economic cooperation, but rather that the two sides may advance budding discussions on various areas of cooperation.  

He said President Moon Jae-in will share details of the summit with U.S. President Donald Trump on the sidelines of the UN General Assembly in New York later this month.