US EditionUS, South Korea unveil details on shipbuilding investment and subs in trade deal
The deal includes $350 billion in Korean investments in U.S. industries and tariff cuts to 15%, supporting South Korea’s nuclear submarine program and broader security cooperation.
- The United States approved South Korea's nuclear submarine program as part of a finalized trade deal.
- South Korea agreed to invest up to $200 billion in US projects, with limits on yearly investments to avoid market instability.
- The deal also allows South Korea to enrich uranium and reprocess spent fuel for peaceful purposes.
25 Articles
25 Articles
US and South Korea Finalize Trade and Security Agreement
South Korean President Lee Jae-myung said his government and the U.S. administration have finalized a comprehensive joint fact sheet outlining trade and national security agreements between the two nations, following his meeting with U.S. President Donald Trump last month. The agreement marks the start of joint ventures in shipbuilding, artificial intelligence, and the nuclear sector between the two countries, Lee told a televised briefing. He s…
US, South Korea unveil details on shipbuilding investment and submarines in trade deal
WASHINGTON: The United States and South Korea released details of a trade agreement on Friday (Nov 14) that includes a US$150 billion Korean investment in the American shipbuilding sector and an additional US$200 billion earmarked for industrial sectors, the two countries said.The joint announcement followed
US and South Korea finalise trade details after Trump-Lee meet; tariffs, nuclear submarines, shipbuilding, AI in focus
South Korea and the US finalised a joint fact sheet on trade and security, reducing US tariffs on South Korean goods. The deal includes significant Korean investments in shipbuilding and support for Korean Air's large Boeing order, alongside initiatives to promote American exports in Korea.
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