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2026-09-19 06:48:11
[South Korea Reaffirms Investment Commitment to the US, Willing to Assist in Resumption of Navigation in the Strait of Hormuz] ⑴ The South Korean Ministry of Foreign Affairs stated that South Korea reaffirms its willingness to make a substantial contribution to restoring free navigation in the Strait of Hormuz in the Middle East. ⑵ This issue was one of several discussed by Foreign Minister Cho Hyun during his meeting with US Secretary of State Marco Rubio in Washington on Friday. ⑶ Cho Hyun traveled to Washington this week to hold talks with Rubio and members of the US Congress. ⑷ The US State Department and the South Korean Ministry of Foreign Affairs stated that they will push for the swift implementation of South Korea's investment commitments to the US. ⑸ The two sides continue negotiations on implementing the trade agreement reached last year, which includes $350 billion in South Korean investment in US manufacturing in exchange for a reduction in tariffs on South Korean goods imported into the US to 15%. ⑹ From a market sentiment perspective, the safety of navigation in the Strait of Hormuz is directly related to energy transportation costs, and South Korea's statement helps alleviate concerns about supply disruptions.
