Tag: trade deal

trade deal

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Officials gather behind a desk during a signing ceremony, with U.S. and international flags behind them.

Lutnick says Korea to invest over $50B in Alaska LNG, $120B in U.S. nuclear power plants

The commitments cover Alaska LNG and eight U.S. nuclear power projects, alongside a $22.3 billion investment in a Texas gas-fired power plant

2026.9.30

Industry Minister Kim Jung-kwan speaks before his departure to Canada at Incheon International Airport on March 5. [NEWS1]

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.

2026.3.7

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A motion to establish the special committee to pass the special act for Korea's investment in the United States is passed by bipartisan agreement at the National Assembly in western Seoul on Feb. 9. [YONHAP]

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.

2026.2.12

Finance Minister Koo Yun-cheol speaks during a press conference held at the government complex in Sejong on Wednesday. [MINISTRY OF ECONOMY AND FINANCE]

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

Korean presidential policy chief Kim Yong-beom speaks at a press briefing at the Asia-Pacific Economic Cooperation summit in Gyeongju, North Gyeongsang, on October 29. [YONHAP]

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

Kim Yong-beom, Korea's presidential policy director, speaks with reporters after a round of trade negotiations with U.S. Commerce Secretary Howard Lutnick in Washington on Oct. 22. [KANG TAE-HWA]

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 Kim Jung-kwan, center, is questioned by reporters upon arrival at Incheon International Airport on Sept. 14. [YONHAP]

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.

2025.9.14

A TV screen at Seoul Station, in the center of the capital, on July 31 shows a report that U.S. President Donald Trump's administration has agreed to impose 15 percent tariffs on Korea, 10 percentage points lower than what was proposed, under a trade deal that would charge America no tariffs. [YONHAP]

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.

2025.8.4

President Donald Trump, center, and Korea’s trade delegation pose for a group photo at the White House in Washington, on July 30 after reaching a tariff agreement. [WHITE HOUSE]

'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.

2025.8.1

President Lee Jae Myung speaks on the trade deal with the United States in a meeting with senior presidential secretaries at the Yongsan presidential office in central Seoul on July 31. [JOINT PRESS CORPS]

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.

2025.7.31