South Korean President Lee Jae Myung announced on Friday that Seoul and Washington have finalized a joint fact sheet outlining agreements on trade and security issues, following his summit with U.S. President Donald Trump last month. The deal marks a significant expansion of bilateral cooperation across defense, technology, and industry.
Speaking at a televised briefing, President Lee revealed that South Korea will begin building nuclear-powered submarines as part of the agreement. He also confirmed the formation of a new partnership with the United States in shipbuilding, artificial intelligence, and the nuclear industry, signaling a deepening of strategic ties between the two allies.
The summit, held in Gyeongju last month, also produced a major trade breakthrough. The United States agreed to cut import duties on South Korean products to 15% from the previous 25%, a move expected to boost South Korea’s export competitiveness and strengthen economic ties between the two nations.
The agreements highlight a dual focus on security and economic cooperation, reflecting both countries’ commitment to reinforcing their alliance amid global geopolitical shifts. Analysts say the pact could reshape regional dynamics, with South Korea gaining advanced defense capabilities while also securing greater access to the U.S. market.
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