Conglomerates, including Samsung Electronics, SK and Hyundai Motor Group, pledged to make large-scale investments within South Korea during a meeting to discuss Seoul and Washington's recent trade agreement.

Sunday's meeting, led by President Lee Jae Myung, included business leaders such as Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won and Hyundai Motor Group Executive Chair Chung Eui-sun.

The Samsung chief sought to address fears of reduced domestic investment in the wake of the deal with the U.S., promising to hire 60-thousand people annually and to invest a total of 450 trillion won, or around 308 billion U.S. dollars, over the next five years.

The head of SK said he intends to inject approximately 600 trillion won into a semiconductor cluster in Yongin, Gyeonggi Province, and is on track to create 14-thousand to 20-thousand jobs per year.

The Hyundai chief said he plans to push for investments totaling 125 trillion won by 2030 and to increase hiring to ten-thousand in 2026.