Skip to content
Business — Industry — Government — Economy — International — Finance

United States and South Korea consensually expand partnership, reaching agreement during APEC ancillary discussions.

U.S. and South Korea Negotiations Lead to Expansion of Cooperation Sectors from Four to Six, Excluding Currency Policy Discussions, as Outlined on Friday.

,   and  Administrator
2 min read
U.S. and South Korea broaden collaboration scope from four to six sectors following Friday's talks,...
U.S. and South Korea broaden collaboration scope from four to six sectors following Friday's talks, omitting currency policy discussion.

United States and South Korea consensually expand partnership, reaching agreement during APEC ancillary discussions.

Informal Take:

Yo, check out this pic of Ahn Duk-geun, the Korean Minister of Trade, Industry, and Energy, and Jamieson Greer, the U.S. Trade Representative, shakin' hands at a meeting in Jeju on May 16. Andy, this get-together wasn't just another casual chat. They were diving deep into trade issues, babym!

  1. Tariff Talk: South Korea wanted some leniency on U.S. tariffs, like the 25% reciprocal duties they've been temporarily dodging for 90 days.[2][4]
  2. Deal in Sight: They're working on a cool 'package' deal on U.S. tariffs and economic cooperation, aiming to seal it by July 8.[3][4]
  3. Nerd Talk: Yep, they agreed on a geek-out session the following week over six topics related to trade. We're talkin' trade imbalances, non-tariff measures, economic security, product origins, and some commercial considerations.[2]
  4. Shipbuilding Dreams: Although this time it was all about trade, shipbuilding cooperation is a massive part of the bigger trade negotiations between South Korea and the U.S., with South Korea being a total badass in the shipbuilding industry.[1][4]

Related Articles:

  • United States and China unite to strengthen WTO's role in global trade
  • Trade giants from Korea and the U.S. are set to tango on tariffs and cooperation
  • On an island, trade leaders gather to stress the importance of connection at the APEC meeting

** footnotes:

[[1]) "U.S., China Lead Call to Strengthen Role of WTO in Global Trade" - Reuters, May 16, 2025

[[2]) "Korea and U.S. Trade Chiefs to Discuss Tariff Package Deal on May 16" - ChosunIlbo, May 15, 2025

[[3]) "Minister of Industry Ahn Duk-geun and U.S. Trade Representative Jamieson Greer to Hold Meetings on May 16" - Korea Times, May 14, 2025

[[4]) "South Korea Aims to Secure Tariff Exemptions from U.S. amid Ongoing Talks" - Yonhap News Agency, May 12, 2025

  1. The government is actively involved in business discussions with the U.S., particularly focusing on reducing tariffs and enhancing economic cooperation.
  2. With South Korea being a major player in the international shipbuilding industry, this sector is expected to be pivotal in the broader trade negotiations between the two countries.
  3. The meeting between Ahn Duk-geun and Jamie Greer was not only about casual trade chats; they also agreed to delve into six key topics concerning trade, such as trade imbalances and product origins.
  4. The ongoing tariff talks between South Korea and the U.S. are part of a larger international context, with both countries showing a common interest in strengthening the World Trade Organization's role in global trade.

Read also:

    Related

    Latest