US EditionSouth Korea and U.S. Enter New Phase of Trade Talks
- South Korea launched a task force on June 16, 2025, in Seoul to address tariff and non-tariff trade issues with the United States.
- This move followed President Lee Jae-myung's June 3 snap election victory and aims to revive stalled trade talks affected by political unrest.
- A newly formed task force, overseen by Trade Minister Yeo Han-koo, brings together government agencies and the private sector to develop a coordinated approach for the upcoming trade negotiations.
- Yeo emphasized the commitment to closely coordinate among government agencies and private industry to achieve successful trade negotiations, as South Korea continues to face a suspended 25% reciprocal tariff alongside a general 10% tariff.
- The task force aims to foster cooperation benefiting both countries’ industries and prepare a package deal to improve South Korea’s competitive tariff position.
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11 Articles
South Korea launches task force on US trade negotiations
SEOUL (Reuters) -South Korea launched on Monday a task force on negotiations with the United States on tariff and non-tariff matters across industry and the energy sector that will also coordinate with the private sector, the Industry Ministry said in…
South Korea's industry ministry launches task force on US tariff talks under new administration
The Korean government launched a new task force Monday to better prepare for the ongoing trade negotiations with the United States on tariff and other related issues, Seoul's industry ministry said. T...
South Korea and U.S. Enter New Phase of Trade Talks
South Korea has set up a task force to engage in negotiations with the United States concerning tariff and non-tariff issues within the industry and energy sectors. The task force will also collaborate with the private sector to ensure comprehensive dialogue and solutions.
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