Korea Joongang Daily
Korea JoongAng Daily

Industry minister, trade chief visit U.S. to discuss tariff issues

Korea's industry minister and trade chief visited the United States this week to coordinate responses to tariff issues and other pending trade matters between Seoul and Washington, the Ministry of Trade, Industry and Resources said Saturday.

2026-03-07

Bills in limbo: Korean lawmakers move to ensure investments in U.S. don't go to waste

Amid increased U.S. tariffs, Korea's National Assembly is working on a $350 billion investment bill to reaffirm commitment to a bilateral trade deal, while navigating political tensions and legislative procedures.

2026-02-13

Korea eyes extended lead over China in chips, ships with $350B U.S. partnership

Korea’s collaboration with the United States through a huge investment could help widen its lead over China in key sectors like semiconductors and shipbuilding, where Beijing is rapidly catching up, according to the Ministry of Economy and Finance.

2025-11-19

FX volatility still a concern over $350B U.S. investment despite safeguard measures

The market welcomed the Korea-U.S. agreement capping Seoul’s annual cash investment at $20 billion, a move that removes uncertainty over the foreign exchange market by finalizing the details of the $350 billion trade pact.

2025-10-30

Korea, U.S. still apart on trade deal specifics as bilateral summit nears

A senior official from the Trump administration said Friday that they hope Korea will accept U.S. demands in order to reach a swift conclusion to ongoing trade negotiations between the two countries.

2025-10-25

Industry minister returns home from follow-up talks with U.S. over trade deal

Industry Minister Kim Jung-kwan returned home Sunday after a trip to the United States, where he held follow-up talks with U.S. Commerce Secretary Howard Lutnick on the bilateral trade agreement reached in July.

2025-09-14

About 64% of Koreans give positive assessment of trade deal with U.S., poll says

More than 6 in 10 Koreans gave a positive assessment of the trade deal reached last week between Seoul and Washington, a poll showed Monday. According to the survey conducted by Realmeter on Friday, 63.9 percent said they viewed the deal positively.

2025-08-04

'Very successful': White House celebrates 'historic' trade agreement with Korea

The White House on Thursday celebrated a sweeping new trade agreement between the United States and Korea, calling it “historic” and touting massive investments and tariff changes set to take effect immediately.

2025-08-01

Korea, U.S. agree to 15% tariff in 11th-hour deal

Korea and the United States agree to set tariffs at 15 percent. Korea will invest $350 billion in the United States.

2025-07-31

Trump says he will not extend July 9 trade deadline, expresses doubt on Japan deal

President Donald Trump said on Tuesday he was not thinking of extending the July 9 deadline for countries to negotiate trade deals with the United States, and continued to express doubt that an agreement could be reached with Japan.

2025-07-02