president joe biden is slated to talk up a south korean conglomerate’s plan for 22 billion in new investments in us manufacturing biden will meet virtually at 2 pm eastern tuesday with the chairman and principal owner of sk group to “discuss the company’s robust investments in american manufacturing and jobs” the white house said in a statement a white house spokesperson said sk group’s 22 billion in new investments comes after “7 billion in recently announced investments for a total of nearly 30 billion under the biden administration” by the company “this announcement by sk group is also another proof point of the success of the administration’s efforts to create more resilient and secure supply chains and outcompete the rest of the world in the technologies of the future by investing in american companies and workers and bringing in foreign investment to create goodpaying american jobs” the spokesperson said sk group is involved in a wide range of industries including energy chemicals semiconductors and telecom its chairman is chey taewon republicans are widely expected to score wins in this november’s midterm elections thanks in large part to americans’ frustrations with raging inflation that’s hitting the us economy high prices for gasoline rb00 and other essentials are helping to keep biden’s approval ratings low and giving a talking point for republicans to use against the president and his fellow democrats see republicans still favored in midterm elections but their chances for taking back senate are dropping