South Korea's Trade Minister Yeo Han-koo is traveling to Washington, D.C., on Monday to advance stalled tariff negotiations with the United States. This visit follows Industry Minister Kim Jeong-gwan's recent meeting with U.S. Commerce Secretary Howard Lutnick.
Yeo plans to meet with U.S. trade officials, including Jamieson Greer from the U.S. Trade Representative's office, to discuss follow-up agreements. In July, both nations agreed to reduce mutual tariffs from 25 percent to 15 percent in exchange for South Korea's $350 billion investment in the U.S., but details remain unresolved.
Earlier this month, a South Korean delegation visited Washington for talks but failed to bridge differences on investment issues.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
Copyright ⓒ Aju Press All rights reserved.
