The White House officially confirmed that the U.S. and South Korea have a Memorandum of Understanding with respect to the “U.S.-ROK Technology Prosperity Deal.”
President Donald Trump on Wednesday stated that a trade deal with South Korea has been “pretty much” confirmed, following a meeting with his South Korean counterpart, President Lee Jae Myung.
“We had a tremendous meeting today with South Korea — with lots determined… We pretty much finalized a trade deal and we discussed some other things having to do with national security,” President Trump said, according to an official White House account on X.
The White House officially confirmed that the U.S. and South Korea have a Memorandum of Understanding with respect to the “U.S.-ROK Technology Prosperity Deal.” However, the specifics of the deal have not been revealed yet.
According to a Bloomberg report citing South Korea’s Policy Chief Kim Yong-beom, the East Asian country will invest $150 billion in the U.S. shipbuilding industry and has also earmarked an additional $200 billion in investment pledges.
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