What is the focus of the upcoming trade talks between South Korea and the United States?

The upcoming trade talks between South Korea and the United States will focus on a trade package that includes cooperation in the shipbuilding sector, a priority for U.S. Commerce Secretary Howard Lutnick.

Who will be meeting with their counterparts in the upcoming talks?

South Korea's Finance Minister Koo Yun-cheol and Foreign Minister Cho Hyun will be meeting with U.S. Treasury Secretary Scott Bessent and State Secretary Marco Rubio, respectively, in the upcoming talks.

What is the deadline for the U.S. tariff pause that is mentioned in the article?

The U.S. tariff-pause deadline is set for August 1, which is the deadline that South Korea is aiming to have its trade package ready for the upcoming talks.

Home / Business and Economy / Seoul Readies Trade Deal for Upcoming U.S. Talks

Seoul Readies Trade Deal for Upcoming U.S. Talks

26 Jul

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Summary

South Korea to prepare trade package for U.S. talks next week
Shipbuilding cooperation a key focus for U.S. Commerce Secretary
Korea's Finance, Foreign Ministers to meet U.S. counterparts

Seoul Readies Trade Deal for Upcoming U.S. Talks

In the lead-up to upcoming minister-level meetings with the United States, South Korea is working on a trade package that will be mutually agreeable to both sides. The package is set to be finalized before the August 1 deadline for a U.S. tariff pause.

A key focus of the trade package will be cooperation in the shipbuilding industry, an area of high interest for U.S. Commerce Secretary Howard Lutnick. Lutnick discussed this matter with South Korea's Industry Minister Kim Jung-kwan on Friday.

Next week, South Korea's Finance Minister Koo Yun-cheol and Foreign Minister Cho Hyun will hold separate meetings with their U.S. counterparts, Treasury Secretary Scott Bessent and State Secretary Marco Rubio. These talks are expected to be crucial in shaping the final trade agreement between the two countries.

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