US EditionWhite House Approves Agreement Allowing South Korea to Build Nuclear-Powered Submarines
The deal includes $350 billion in Korean investments, tariff adjustments, and enhanced defense cooperation including nuclear submarine shipbuilding, reinforcing the U.S.-ROK alliance.
- During the Gyeongju State Visit on October 29, the United States and Republic of Korea announced approval for ROK nuclear-powered submarines and $150 billion shipbuilding plus $200 billion MOU investments.
- Framed as economic and security alignment, the agreement aims to strengthen economic and national security ties and protect supply chains while the Republic of Korea partners with the United States on shipbuilding, artificial intelligence, and the nuclear industry.
- Trade officials detailed regulatory fixes including reducing Section 232 tariffs on autos and timber to 15 percent and applying KORUS FTA or MFN rates under Executive Order 14257 of April 2, 2025, while removing supplemental tariffs on pharmaceuticals and aircraft parts.
- As a result, defense and nuclear cooperation will include South Korea's commitment to spend $25 billion on U.S. military equipment by 2030 and support for U.S. Forces Korea, alongside U.S. cooperation on civil uranium enrichment and spent fuel reprocessing.
- To prevent market instability, the deal includes financial safeguards specifying US$200 billion in cash investments arriving in installments no larger than US$20 billion per year, with Seoul required to transfer funds within 45 days and adjustments possible if won stability is threatened.
16 Articles
16 Articles
White House Approves Agreement Allowing South Korea to Build Nuclear-Powered Submarines
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. The White House has officially approved a landmark agreement that will allow South Korea to build nuclear-powered submarines. Some shit you should know before you dig in: It’s n…
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