President Trump announced a new trade deal with South Korea, including a $350 billion U.S.-controlled investment, a 15% import tariff, and $100 billion in South Korean purchases of American energy products.

'$350 billion investment, 15% tariff': Trump announces trade deal with South Korea, says 'US won't be charged' - All you need to know

With President Trump threatening 25% tariffs effective 1 August, South Korea economy is at risk. Trade Minister Yeo Han koo emphasized a framework for industrial cooperation, while the recent political shift adds urgency to re-establish negotiations and secure a favorable outcome.

South Korea urges US trade deadline extension as tariff threat looms

Seoul exports rose 4.3% in June, driven by strong chip demand, but US and China-bound shipments fell amid ongoing tariff tensions.

South Korea trade improves on tech boom, struggles with US tariffs

Trade Minister Yeo Han-koo met with US officials, highlighting the urgency as a July 9 deadline approaches for potential tariff reinstatements. Yeo emphasized using negotiations to create a new framework for cooperation and turning the current crisis into an opportunity.

South Korea urges for 'mutually beneficial' trade deal with US to avert tariff threat