South Korea, U.S. discuss implementing $350 billion investment pledge

  • Michelle Steel and Kim Jina discussed implementing Lee-Trump summit commitments.
  • South Korea pledged $350 billion of investment in the United States.
  • The commitments cover trade, investment and security cooperation.

U.S. Ambassador to Korea Michelle Steel and Second Vice Foreign Minister Kim Jina discussed implementing bilateral commitments on trade, investment and security adopted after the summit between President Lee Jae Myung and U.S. President Donald Trump. The joint fact sheet includes South Korea's $350 billion investment pledge in the United States, while the two sides also are discussing revisions to the Korea-U.S. nuclear energy agreement and Seoul's plan to develop nuclear-powered submarines. The meeting follows negotiations over the investment package, which includes $200 billion in strategic investments and $150 billion for shipbuilding cooperation, linked to lower U.S. tariffs on South Korean goods.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.