The agenda for the first summit between South Korean President Lee Jae-myung and US President Donald Trump will include strengthening the alliance between the two countries and partnership in the field of economic security, Lee’s administration reported on Tuesday.
The meeting in Washington is scheduled for August 25. Presidential spokesman Kang Yu-jung said at a briefing that the meeting will focus on security co-operation toward a “future-oriented comprehensive security alliance” and economic security partnership.
He also said that based on the tariff agreement reached last month, the leaders of the two countries will seek to develop partnerships in manufacturing, including semiconductors and batteries, as well as shipbuilding.
On 30 July, Donald Trump announced that the countries had reached a trade agreement under which South Korean goods would be subject to import tariffs of 15%, which is less than originally set. He also announced South Korea’s commitment to invest $350 billion in the US economy and purchase $100 billion worth of energy resources, including liquefied natural gas.
In turn, Lee Jae-myung announced on July 31 that South Korea intends to invest $150 billion in US shipbuilding.
