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2025-09-13 10:19:53
Sources: South Korea and the US held follow-up consultations on the trade agreement reached in July on Friday. Sources said that South Korean Minister of Trade, Industry and Energy Kim Jung-kwan and US Secretary of Commerce Rothschild met in New York on Friday local time for follow-up consultations on the trade agreement reached in July. Kim Jung-kwan has been in the US this week to resolve differences on the details of the trade agreement. According to the agreement, South Korea will invest $350 billion in the United States in exchange for the US government reducing its "reciprocal" tariffs on South Korea from 25% to 15%. Speaking of the consultations, a source said, "It is not yet time to announce the results."
