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South Korea says reached deal with US on investment, shipbuilding

World News

29-10-2025 | 05:44

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South Korea says reached deal with US on investment, shipbuilding

South Korea and the United States have reached a broad trade deal covering investment and shipbuilding, top Seoul presidential aide Kim Yong-beom said Wednesday.

"South Korea and the United States have reached an agreement on the details of the tariff negotiations," Kim told reporters after a meeting between President Donald Trump and his counterpart Lee Jae Myung.

"South Korea's financial investment package for the United States, worth $350 billion, consists of $200 billion in cash investment and $150 billion in shipbuilding cooperation," Kim added.

AFP

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